Ripple Labs secures NYDFS approval for RLUSD stablecoin
Ripple Labs issued regulatory approval affecting New York State Department of Financial Services (NYDFS) on December 10, 2024.
- Primary
- Ripple Labs
- Counterparty
- New York State Department of Financial Services (NYDFS)
- Structure
- regulatory approval
- Date
- December 10, 2024
- Sub-sector
- Crypto / Stablecoin
NYDFS approval enables Ripple's RLUSD stablecoin to launch on exchanges, allowing direct competition with Tether USDT and Circle USDC.
Source: coinspeaker.com