See original
Ripple Gets NYDFS Approval for RLUSD Stablecoin, Targets $2 Trillion Market Cap 🔥💥
$XRP #BTCReclaims101K #MajorAirdropWatch #2024withBinance @BinanceArabic $BTC $SOL
According to Ripple Labs CEO Brad Garlinghouse, the RLUSD stablecoin has been approved by the New York Department of Financial Services (NYDFS). He announced the regulatory green light on December 10 and said that listings of exchanges and partners for the stablecoin would be live soon. Ripple originally planned to launch RLUSD as a competitor to Tether’s USDT and Circle’s USDC, with the stablecoin pegged 1:1 to the US dollar. It will be backed by US dollar deposits, short-term US Treasury bonds, and cash equivalents.
According to Ripple Labs CEO Brad Garlinghouse, the RLUSD stablecoin has been approved by the New York Department of Financial Services (NYDFS). He announced the regulatory green light on December 10 and said that listings of exchanges and partners for the stablecoin would be live soon. Ripple originally planned to launch RLUSD as a competitor to Tether’s USDT and Circle’s USDC, with the stablecoin pegged 1:1 to the US dollar. It will be backed by US dollar deposits, short-term US Treasury bonds, and cash equivalents.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
XRP
2.5164
+4.22%
Replies 0