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Ripple on the Verge of New York Approval for Stablecoin
Manage episode 452870710 series 3519301
Innehåll tillhandahållet av Author Adidas Wilson. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Author Adidas Wilson eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.
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.
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