【Ripple is expected to receive approval from the New York Department of Financial Services to issue the stablecoin RLUSD, which may launch on December 4】According to Golden Finance, citing FOX Business, the New York's top cryptocurrency regulator – the New York Department of Financial Services (NYDFS) – is about to approve a new stablecoin, RLUSD, issued by cross-border payment company Ripple. Sources indicate that the NYDFS has informed Ripple that it will approve the product, which the company plans to launch on December 4. If approved, Ripple will be able to legally offer RLUSD to the public, making it a major player in New York's regulated digital financial market and the broader stablecoin ecosystem, and this move will also enable Ripple to compete directly with other well-known U.S. stablecoin issuers such as Circle, Paxos, and Gemini.
