Ripple Labs is actively testing its new stablecoin product RLUSD, with tests including the minting and transfer of tokens. These tests are conducted on the XRP Ledger and Ethereum blockchain, demonstrating Ripple's commitment and investment in the stablecoin ecosystem.🌐

In the past few months, Ripple has minted approximately 9,999,700 RLUSD tokens, with the XRP ledger index reaching 146. This move indicates that Ripple is preparing for an upcoming market launch.📈

According to a report by FOX Business, the New York Department of Financial Services has stated that it will approve the launch of RLUSD, which is scheduled to go live on December 4. The launch of this new product could bring changes to the stablecoin market.🔄