🚀 Ripple CEO Brad Garlinghouse announced that the RLUSD stablecoin has received approval from the New York Department of Financial Services. XRP rose 10% on this news, recouping its losses during the day.

📈 Ripple aims to compete with giants like Tether and Circle by entering the stablecoin market. RLUSD is in beta testing on the XRP Ledger and Ethereum networks.

💬 What do you think about Ripple's move? Let's discuss in the comments! Share your thoughts on the future of stablecoins and tokenization.