Ripple's stablecoin, RLUSD, gains approval in New York, set to launch on major exchanges.
Ripple's RLUSD stablecoin has received approval from New York's financial regulators, allowing it to launch on major exchanges. The stablecoin, backed by US dollars and short-term government bonds, aims to tap into the growing stablecoin market, which is predicted to reach $2 trillion by 2028. The approval follows testing on XRP Ledger and Ethereum and comes as Ripple's XRP token sees a significant rise in value.
4 months ago
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