According to PANews, New York's top cryptocurrency regulator is about to approve Ripple's new stablecoin RLUSD. Insiders say that the New York Department of Financial Services has indicated it will approve the product.
Ripple plans to launch RLUSD on December 4th. If approved, Ripple will be able to legally offer RLUSD to the public, becoming a major player in New York's regulated digital finance market and stablecoin ecosystem.
