Ripple Enters US Stablecoin Market$XRP $SSV $BNB

Ripple’s entry into the stablecoin market puts it in line with established US issuers such as Circle, Paxos, and Gemini. If approved, Ripple will be able to offer RLUSD as a stable and regulated digital currency instead of XRP, which will appeal to customers looking to avoid the volatility and regulatory concerns of other crypto assets.

New York remains an important market for stablecoin issuers. The state maintains a regulatory framework for these assets, and the NYDFS has strict requirements including transparency, security, and consumer protection standards.

“Ripple’s soon-to-be-issued RLUSD is an instrument that the US Treasury Department recently recognized as an important liquidity product backed by US Treasury bonds. America and the world are avoiding economic chaos and destruction,” wrote Rob Cunningham in X.

Companies like Ripple often seek limited trust licenses to offer digital asset services without the strict oversight of traditional banks.