Ripple is preparing to receive approval from the New York Department of Financial Services (NYDFS) for the stablecoin RLUSD, opening up opportunities to participate in the regulated crypto market in the US. The NYDFS signaling approval for RLUSD is a significant step forward, helping Ripple solidify its position in the stablecoin sector, which is increasingly becoming the focal point of the blockchain finance industry. According to the plan, Ripple is expected to officially launch RLUSD on December 4th, promising to create new momentum for the development of decentralized financial products within a strict legal framework in the US.
Good news keeps coming, congratulations to XRP holders.
