According to FOX Business, New York's top cryptocurrency regulator - the New York Department of Financial Services (NYDFS) - is about to approve a new stablecoin, RLUSD, issued by cross-border transfer firm Ripple.
According to people familiar with the matter, the New York Department of Financial Services has informed Ripple that it will approve the product, which the company plans to launch on December 4.
If approved, Ripple would be able to legally offer RLUSD to the public, making it a major player in New York's regulated digital financial marekt and the broader stablecoin ecosystem, a move that would also put Ripple in direct competition with other well-known U.S. stablecoin issuers such as Circle, Paxos, and Gemini.
Ripple is expected to receive approval from the New York Department of Financial Services to issue a stablecoin, RLUSD, or launch it on December 4
2024-11-29 21:51:19
FOX business New York Supreme Plus cryptocurrency regulatory agencydesk3cryptocurrencydesktopCrypto News
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Ripple有望获纽约金融服务部批准发行稳定币RLUSD，或于12月4日推出Next article：
某以太坊用户破解AI代理Freysa规则转移13.19枚ETH
