The approval is a necessary step towards the public launch of the RLUSD token, which is currently in test mode on Ethereum and XRP Ledger.
Ripple's U.S. dollar stablecoin received "final approval" from the New York Department of Financial Services, Ripple CEO Brad Garlinghouse said in Tuesday X post.RLUSD is in test mode on Ethereum and XRP Ledger, and has a $52 million supply.
"This just in…we have final approval from NYDFS for RLUSD! Exchange and partner listings will be live soon," Garlinghouse
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ripple Unleashes 1 Billion XRP Amid Historical XRP Price BreakoutXRP rockets to historic highs as Ripple floods market with 1 billion tokens
Read more »
20 Million XRP on Move as XRP Price Makes ComebackXRP higher by 8% as bulls make fresh moves
Read more »
Crypto Today: XRP gains 10%, Cardano, XRP, and DOGE price rallies, delay Bitcoin’s $100K breakoutThe global cryptocurrency sector pulled $230 million capital inflows on Friday, as markets reacted positively to news of SEC Chair Gary Gensler’s imminent exit.
Read more »
XRP Price News: Ripple to Invest in XRP ETF as Rally Marred by Profit TakingHigh profit-taking combined with an MVRV ratio suggesting overvaluation could lead to a market correction.
Read more »
35 Million XRP Change Unknown Hands as XRP Price Targets $2$58.29 million XRP transfer between unknown wallets spark ripple effect on XRP price
Read more »
Ripple (XRP) Price Forecast: XRP eyes $0.80 breakout amid Robinhood listingXRP price rose to a six-month peak of $0.75 on Wednesday, up 50% in the last 10 days.
Read more »