Ripple gains final NYDFS approval for its RLUSD stablecoin. Ripple hasn’t specified a launch date but says the listing will begin soon. Ripple’s CEO cautioned

Ripple Labs’ RLUSD stablecoin has been approved by the New York Department of Financial Services (NYDFS), according to CEO Brad Garlinghouse.

Ripple labs gains NYDFS approval for RLUSD stablecoin, pegged to the US dollar, with third-party audits, liquidity via XRP, and multiple exchange partners.

Ripple's CEO, Brad Garlinghouse, announced on December 10 that the payment firm gained NYDFS approval for RLUSD.

Ripple’s RLUSD stablecoin has now received approval from the New York State Department of Financial Services (NYDFS). This is quite a big win for Ripple as the dollar-pegged token now complies with one of the most rigid rules in the United States.

RLUSD leverages XRP for enhanced liquidity while prioritizing compliance and transparency through audits and regulatory standards.

Ripple's stablecoin RLUSD is likely to go live today, December 4, after securing approval from the New York Department of Financial Services.

XRP rose 8% after New York's top crypto regulator granted Ripple final approval for its RLUSD stablecoin, with listings coming soon.

According to Ripple CEO Brad Garlinghouse, New York’s financial regulator has greenlighted the company’s RLUSD stablecoin for listings on exchanges.

RLUSD stablecoin approval from NYDFS secures Ripple's entry into the market, aiming at institutional focus and USDC competition.