🚀 Ripple Labs is on the verge of launching its RLUSD stablecoin, with NYDFS approval expected soon. This overcollateralized, dollar-pegged coin could hit the market as early as Dec. 4, adding a new player to the stablecoin arena.

- Ripple aims to enhance cross-border payments using both RLUSD and XRP, quelling fears of abandoning XRP.

- Testing is underway on the XRP Ledger and Ethereum, with plans to expand further.

- Ripple promises transparency with regular audits and reports on collateral reserves.

- Exchange partners lined up include Uphold and Bitstamp, ensuring liquidity and compliance.