RLUSD Stablecoin: Ripple Secures NYDFS Nod, XRP Jumps 9%

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. This just in…we have final approval from @NYDFS for $RLUSD ! Exchange and partner listings will be live soon – and reminder: when RLUSD is live, you’ll hear it from @Ripple first. — Brad Garlinghouse (@bgarlinghouse) December 10, 2024 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 .

Source: Coin Edition