-
The launch will be “soon,” according to Garlinghouse.
-
NYDFS gave final approval for the Cryptocurrency.
“RLUSD will be launched soon!”, the Ripple company announced this afternoon, through its X account.
He advertisement It is announced minutes after the New York State Department of Financial Services (NYDFS) granted them approval to launch.
Brad Garlinghouse, CEO of Rippleconfirmed the news: «We have final approval from NYDFS for RLUSD! The list of exchanges and partners will be available soon.
As CriptoNoticias has explained, RLUSD is a stablecoin created by Rippledesigned to maintain a 1:1 peg with the US dollar.
This coin is backed by dollar deposits, short-term U.S. Treasury bonds, and other cash equivalentsensuring its stability and reliability.
RLUSD offers a secure option for transactions and payments, running on both the XRP Ledger network and Ethereum/” target=”_blank” rel=”noreferrer noopener”>Ethereumwhich expands its accessibility and use.
The launch of RLUSD is important for Ripple due to several strategic reasons. Firstly, it provides a new source of income through commissions and associated services, strengthening the sustainability and expansion of the company.
Furthermore, by introducing a regulated stablecoin backed by tangible assets, Ripple not only strengthens its position in the cryptocurrency market, but also increases the liquidity and utility of XRP, its native cryptocurrency. This synergy between RLUSD and XRP could drive higher trading volume on the XRP Ledger, potentially driving up the price and adoption of XRP.
After this announcement, the price of XRP reacted accordingly and shows an incipient rebound:
The price of XRP begins to rise. Source: CoinGecko.
Anyway, the XRP price difference in the last 24 hours remains negative at the time of this publication.
Crypto Keynote USA
For the Latest Crypto News, Follow ©KeynoteUSA on Twitter Or Google News.
