📍 Ripple’s RLUSD stablecoin is getting closer to approval.

📍 Ripple is getting closer to launching its RLUSD stablecoin, which is expected to receive approval from New York’s financial regulator by December 4. The over-collateralized, dollar-pegged coin is designed to improve global payments and liquidity and will work alongside XRP within the Ripple ecosystem.

📍 The stablecoin will undergo regular audits and will be supported by major exchanges like Bitstamp and MoonPay. Ripple aims to compete with leading coins like USDC and USDT, with the stablecoin market expected to reach $2 trillion by 2028.