NY Financial Regulator Approves Ripple's RLUSD Stablecoin

NY Financial Regulator Approves Ripple's RLUSD Stablecoin

After a lengthy assessment process, the New York Department of Financial Services (NYDFS) has formally certified Ripple Labs' RLUSD stablecoin, the company's CEO, Brad Garlinghouse, stated. In a message posted on social media site X on December 10, Garlinghouse disclosed that Ripple intends to launch partner and exchange listings for RLUSD "soon". The project was first unveiled in April as a direct rival to Circle's USD Coin (USDC) and Tether...

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