BullishBanter
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Рост
𝗥𝗶𝗽𝗽𝗹𝗲’𝘀 𝗥𝗟𝗨𝗦𝗗 𝗦𝗲𝗰𝘂𝗿𝗲𝘀 𝗞𝗲𝘆 𝗡𝗲𝘄 𝗬𝗼𝗿𝗸 𝗔𝗽𝗽𝗿𝗼𝘃𝗮𝗹: 𝗫𝗥𝗣 𝗣𝗿𝗶𝗰𝗲𝘀 𝗦𝘂𝗿𝗴𝗲 .. 𝗛𝗼𝗹𝗱𝗲𝗿𝘀 𝗚𝗲𝘁 𝘀𝗼𝗹𝗶𝗱 𝗽𝗿𝗼𝗳𝗶𝘁𝘀
Ripple has announced a significant milestone as its USD-backed stablecoin, RLUSD, officially received approval from the New York State Department of Financial Services (NYDFS). Brad Garlinghouse, Ripple's CEO, shared the update on X (formerly Twitter), emphasizing that listings on exchanges and partnerships for RLUSD will go live shortly. This stablecoin, launched in collaboration with exchanges such as Bitstamp, Uphold, and Bitso, is expected to revolutionize cross-border payments and liquidity solutions.
A Boost for XRP Prices
Following the news of the NYDFS approval, Ripple’s native cryptocurrency, XRP, experienced a surge in investor confidence. Over the last 24 hours, XRP climbed by 22%, recovering from a low of $1.8 and currently trading above $2.4. This represents an 8% gain during the same period. The announcement has breathed new life into XRP, despite its recent monthly volatility, where it shed 9% of its value in the past week.
What Is RLUSD?
Introduced in October, RLUSD is Ripple’s stablecoin, developed in partnership with prominent exchanges and financial institutions. The stablecoin is designed to enable seamless cross-border transactions, acting as a reliable tool for global financial transfers. Unlike traditional cryptocurrencies prone to price swings, stablecoins like RLUSD are tied to real-world assets, ensuring consistent value.
Ripple envisions RLUSD as a bridge between fiat currencies and digital assets, facilitating conversions with ease for businesses and individuals. Its utility extends to supporting international trade, enhancing liquidity in markets, and serving as collateral for physical assets like commodities and securities.
#RLUSDApprovalBoostXRP #XRPGoal #Xrp🔥🔥 #xrpsucess
Ripple has announced a significant milestone as its USD-backed stablecoin, RLUSD, officially received approval from the New York State Department of Financial Services (NYDFS). Brad Garlinghouse, Ripple's CEO, shared the update on X (formerly Twitter), emphasizing that listings on exchanges and partnerships for RLUSD will go live shortly. This stablecoin, launched in collaboration with exchanges such as Bitstamp, Uphold, and Bitso, is expected to revolutionize cross-border payments and liquidity solutions.
A Boost for XRP Prices
Following the news of the NYDFS approval, Ripple’s native cryptocurrency, XRP, experienced a surge in investor confidence. Over the last 24 hours, XRP climbed by 22%, recovering from a low of $1.8 and currently trading above $2.4. This represents an 8% gain during the same period. The announcement has breathed new life into XRP, despite its recent monthly volatility, where it shed 9% of its value in the past week.
What Is RLUSD?
Introduced in October, RLUSD is Ripple’s stablecoin, developed in partnership with prominent exchanges and financial institutions. The stablecoin is designed to enable seamless cross-border transactions, acting as a reliable tool for global financial transfers. Unlike traditional cryptocurrencies prone to price swings, stablecoins like RLUSD are tied to real-world assets, ensuring consistent value.
Ripple envisions RLUSD as a bridge between fiat currencies and digital assets, facilitating conversions with ease for businesses and individuals. Its utility extends to supporting international trade, enhancing liquidity in markets, and serving as collateral for physical assets like commodities and securities.
#RLUSDApprovalBoostXRP #XRPGoal #Xrp🔥🔥 #xrpsucess
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