RLUSD Stablecoin: Ripple Secures NYDFS Nod, XRP Jumps 9%
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- Ripple’s RLUSD secures approval from New York Department of Financial Services.
- Brad Garlinghouse confirmed partner and exchange listings to follow soon.
- Eleanor Terrett first reported a “possible” December 4th launch on November 29th.
Ripple gained NYDFS approval to launch its stablecoin, RLUSD, boosting the price of the XRP token by more than 9% in the past 24 hours. This follows a massive crash in the cryptocurrency’s price, from a multi-year high of $2.70 to $2.30.
Ripple chief executive Brad Garlinghouse celebrated the NYDFS approval of the RLUSD stablecoin. He said exchange and partner listings will soon follow. And, FOX Business journalist Eleanor Terrett reminded X users that she was among the first to report on Ripple’s stablecoin launch as early as November 29th, with a “possible” launch date of December 4th.
Although RLUSD is not yet live, Garlinghouse confirmed that investors will first hear abo…
The post RLUSD Stablecoin: Ripple Secures NYDFS Nod, XRP Jumps 9% appeared first on Coin Edition.
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