Ripple's long-awaited USD-pegged stablecoin has a launch date: December 17.

RLUSD will be available on global exchanges starting today

“Early on, Ripple made a deliberate choice to launch our stablecoin under the NYDFS Limited Purpose Trust Company Charter, widely considered the world’s premier regulatory standard,” Ripple CEO Brad Garlinghouse said in a statement Monday. “As the U.S. moves toward clearer regulations, we expect to see greater adoption of stablecoins like RLUSD.”

Last week, Ripple received final approval for RLUSD from the New York State Department of Financial Services.

The company said that by early next year, Ripple Payments will use RLUSD to complete transactions for its corporate clients. “Ripple Payments has processed $70 billion in payments volume,” Ripple said in its statement.

Initially, RLUSD will be available on XRP Ledger and Ethereum. However, Ripple said it “plans to expand to additional blockchains, decentralized finance protocols, and applications over time.”

It also said Ripple The stablecoin will initially be available on Uphold, MoonPay, Archax, and CoinMENA, with additional listings expected on platforms such as Bitso, Bullish, Bitstamp, Mercado Bitcoin, Independent Reserve, Zero Hash, and others in the coming weeks.