- The NY State Department of Financial Services has given its final approval to Ripple’s RLUSD stablecoin.
Ripple’s RLUSD stablecoin has received final approval from the New York State Department of Financial Services.
Ripple CTO David Schwartz expressed his optimism that RLUSD would be ready to debut before the end of the year.
In April, Ripple declared that it would introduce a stablecoin, which would first be accessible on Ethereum and Ledger.
In August, the business started testing RLUSD. With market markers B2C2 and Keyrock to support its liquidity, Ripple then announced in October that Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish will be its exchange partners for the debut of the RLUSD.
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