The American blockchain payment company Ripple Labs has strengthened its testing of the stablecoin RLUSD. Ripple Stablecoin Tracker data shows that Ripple is simultaneously conducting two tests, which involve minting and transferring on the XRP Ledger protocol, marking the first publicly disclosed RLUSD tests so far this month. Over the past few months, Ripple Labs has been conducting RLUSD tests in hopes of joining the rapidly growing stablecoin ecosystem. The latest minted XRP Ledger Index stands at 146, containing 9,999,700 RLUSD. According to previous reports from FOX Business, the New York Department of Financial Services (NYDFS) is about to approve a new stablecoin RLUSD issued by the cross-border payment company Ripple. Insiders have indicated that the New York Department of Financial Services has informed Ripple that it will approve the product, which the company plans to launch on December 4.

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