Ripple Company received approval from the New York Department of Financial Services to issue the stablecoin RLUSD. CEO Brad Garlinghouse reported that listings on exchanges and with partners will begin soon. Following this, the XRP token rose by 10%, outperforming Bitcoin and the CoinDesk 20 index. RLUSD is being tested on the XRP Ledger and Ethereum networks, aiming to establish a presence in the growing stablecoin market.