Ripple expects approval from NYDFS to launch its stablecoin RLUSD, which will allow the company to enter the cryptocurrency market in the US. The launch is expected on December 4, giving Ripple the opportunity to operate in New York's regulated financial environment and compete with major players like Circle, Paxos, and Gemini in the stablecoin market.
11/30/2024 1:25:06 PM (GMT+1)
Ripple will receive NYDFS approval to issue the stablecoin RLUSD in the US with the launch on December 4, entering into competition with Circle, Paxos, and Gemini in the stablecoin market 📅
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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