Ripple Stablecoin Gains Approval

🟠Ripple CEO Brad Garlinghouse announced that the RLUSD stablecoin has received official approval from the New York State Department of Financial Services (NYDFS). Pegged to the US dollar, the token is set to launch on major exchanges soon.

🟠Initially unveiled in April, RLUSD underwent beta testing starting in August on XRP Ledger and Ethereum platforms, with access limited to select corporate partners.

🟠Ripple assured that partnered listings would follow shortly and urged users to remain vigilant against potential fraud cases.