New York remains a critical market for stablecoin issuers. The state has maintained a regulatory framework for these assets. The NYDFS imposes stringent requirements, including transparency, security, and consumer protection standards.
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New York Regulator To Approve Ripple’s Stablecoin On December 4th
✨ Ripple's stablecoin $RLUSD is expected to launch on December 4, pending NYDFS approval, positioning Ripple as a key player in regulated digital finance.
✨ The launch will compete with Circle, Paxos, and Gemini, offering a stable alternative to $XRP for users seeking reduced volatility.
✨ $XRP's market cap surged past $100 billion, driven by bullish momentum and increased institutional interest, including multiple ETF filings.
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