Ripple Labs received approval from NYDFS to issue the RLUSD stablecoin, pegged to the US dollar. RLUSD will be backed by excess reserves and will undergo regular audits by independent companies. XRP will be used to enhance liquidity and accelerate transactions. Ripple's partners will include Uphold, Bitstamp, Bitso, and other exchanges. The new stablecoin aims for transparency and regulatory compliance, which will strengthen the company's position in the cryptocurrency market.
12/11/2024 11:28:37 AM (GMT+1)
Ripple Labs received NYDFS approval to launch the RLUSD stablecoin, pegged to the US dollar, with excess backing, third-party audits, and partnerships with Uphold and Bitstamp 💵
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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