• Ripple on the Verge of New York Approval for Stablecoin

  • Nov 30 2024
  • Length: 35 mins
  • Podcast

Ripple on the Verge of New York Approval for Stablecoin

Listen for free

View show details

  • Summary

  • Ripple, a cross-border payment company, is on the verge of launching a US dollar-pegged stablecoin, RLUSD, after receiving tentative approval from the New York Department of Financial Services. This move aims to provide a stable alternative to Ripple's native cryptocurrency, XRP, which faces regulatory uncertainty. The stablecoin launch positions Ripple as a major player in the regulated stablecoin market, competing with established firms like Circle and Paxos. RLUSD's issuance leverages Ripple's recent acquisition of a NYDFS-chartered trust company and will be facilitated by partnerships with payment providers. The anticipated launch is expected to occur on December 4th.

    https://adidaswilson.com/ripple-on-the-verge-of-new-york-approval-for-stablecoin/
    Show More Show Less
Show More Show Less
activate_Holiday_promo_in_buybox_DT_T2

What listeners say about Ripple on the Verge of New York Approval for Stablecoin

Average customer ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.co.uk reviews

Amazon reviews
No Reviews are Available