Ripple RLUSD stablecoin receives NYDFS final approval
Ripple issued Limited purpose trust company charter approval affecting New York State Department of Financial Services on December 10, 2024.
- Primary
- Ripple
- Counterparty
- New York State Department of Financial Services
- Structure
- Limited purpose trust company charter approval
- Date
- December 10, 2024
- Sub-sector
- Crypto / Stablecoin
NYDFS approval enables Ripple's USD-backed stablecoin to launch across major exchanges, establishing regulatory credibility in U.S. stablecoin market.
Source: ibtimes.com