Anchorage Digital has just received BitLicense from the New York Department of Financial Services (#NYDFS ), allowing the company to provide safe and regulated cryptocurrency trading services for financial institutions in New York. This is a significant step in promoting the acceptance of crypto in the world's largest financial hub.

BitLicense - A strict but valuable certification

BitLicense is a mandatory license for companies wishing to provide cryptocurrency trading services in New York. However, the licensing process is considered costly and complex, with only a few companies being approved. Owning #BitLicense not only enhances credibility but also opens up significant opportunities in a market full of potential.

Ripple officially announced the launch of the Ripple USD (RLUSD) stablecoin this Tuesday, promising to add more vibrancy to the booming cryptocurrency market. Backed by US dollars, US government bonds, and cash equivalents, RLUSD will trade on major platforms such as MoonPay, Uphold, Bitso, Archax, and CoinMENA, and will be available on both Ethereum and XRP Ledger.

The boom of XRP and the demand for stablecoins

Ripple, the company behind the blockchain-based payment network, is preparing to launch a new stablecoin RLUSD. Ahead of the launch, David Schwartz – the Chief Technology Officer of #Ripple , issued a warning about the risk of "FOMO" (fear of missing out) and the initial price volatility of RLUSD.

Highlights About RLUSD

RLUSD is a USD-pegged stablecoin developed by Ripple to serve cross-border payment solutions for global customers. This stablecoin will operate on both the XRP Ledger (XRPL) and the Ethereum mainnet.