Ripple News: Ripple’s Stablecoin RLUSD Gains Regulatory Approval

Ripple Unicorn News - December 10, 2024

Ripple's U.S. dollar stablecoin, RLUSD, has received final regulatory approval from the New York Department of Financial Services, marking a significant milestone for the company. This approval sets the stage for the public launch of RLUSD, currently in test mode on Ethereum and XRP Ledger networks. Following the announcement, XRP surged 10%, highlighting Ripple's strategic move into the stablecoin market.

Sources
https://www.coindesk.com/markets/2024/12/10/xrp-rallies-10-as-ripples-stablecoin-gets-regulatory-approval-ceo-garlinghouse-says

Outline
(00:00:00) Introduction
(00:00:27) XRP Rallies 10% as Ripple's Stablecoin Gets Regulatory Approval, CEO Garlinghouse Says

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