ChainCatcher message, Ripple Labs has conducted testing for its new stablecoin product RLUSD, including token minting and transfers, with tests carried out on the XRP Ledger and Ethereum blockchain. Over the past few months, Ripple Labs has been continuously testing RLUSD to join the rapidly growing stablecoin ecosystem. The latest minting involved approximately 9,999,700 RLUSD tokens, with the XRP Ledger index at 146.

Previously, according to sources cited by FOX Business, the New York Department of Financial Services has indicated to Ripple that it will approve the launch of its new stablecoin product—RLUSD, which is scheduled to launch on December 4.