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Ripple’s RLUSD Set for Launch After NYDFS Approval TheNewsCrypto 30 lis 2024

Ripple’s RLUSD Set for Launch After NYDFS Approval 🔗

FOX Business NYDFS RLUSD US Dollar Ripple Labs

Ripple Labs, recognized for its innovative cross-border payment solutions, is on the brink of launching its new stablecoin, RLUSD. The launch follows the company’s receipt of approval from the New York Department of Financial Services (NYDFS), a significant step that underscores the regulatory backing necessary for such financial products.

RLUSD is designed to be pegged 1:1 to the US dollar, ensuring stability and reliability for transactions. This move signifies Ripple's strategic expansion into the stablecoin market, which is increasingly becoming a critical component of the cryptocurrency landscape.

The approval and forthcoming launch illustrate Ripple's commitment to adhering to financial regulations while pushing the boundaries of digital currency solutions. With this development, Ripple aims to offer more secure and efficient transaction options.

Źródło: thenewscrypto.com ↗

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