New Trends in Cryptocurrency: Ripple’s RLUSD Stablecoin and the Rise of XRP

As the New York Department of Financial Services (NYDFS) is about to approve Ripple’s new stablecoin RLUSD, the market is boiling! Ripple's native token XRP surged 17% in just 24 hours, surpassing BNB in ​​one fell swoop and becoming the fifth largest cryptocurrency by market capitalization. Ripple CEO Brad Garlinghouse revealed that RLUSD will be fully supported by U.S. dollar deposits, short-term U.S. Treasury bills and other equivalent cash. It is planned to be issued based on the ERC-20 standard this year and is compatible with Ripple's distributed ledger and Ethereum.

Ripple's regulatory compliance work is also progressing steadily, with New York BitLicense and remittance licenses from nearly 40 states in the United States, and has also obtained relevant licenses in Singapore and Ireland. According to the latest news, NYDFS has indicated to Ripple that it will approve RLUSD, which is expected to be officially unveiled on December 4. This stable currency will become a star participant in the New York digital financial market.

In this crypto craze, Puppies, as the Dogecoin of Musk’s concept, is rising rapidly like a dazzling new star! Puppies has a passionate and energetic community that perfectly combines investment and charity concepts to promote the vigorous development of projects and is committed to creating a warm blockchain world. The number of currency holders continues to increase, and the market's enthusiasm for this project is in full swing. The current market value has reached US$13 million, which is steadily rising.

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