Ripple RLUSD stablecoin receives NYDFS approval
Ripple issued regulatory approval affecting New York Department of Financial Services on December 11, 2024.
- Primary
- Ripple
- Counterparty
- New York Department of Financial Services
- Structure
- regulatory approval
- Date
- December 11, 2024
- Sub-sector
- Crypto / Stablecoin
NYDFS approval establishes regulatory credibility for RLUSD and enables wider institutional adoption of Ripple's dollar-pegged stablecoin for cross-border payments.
Source: techstory.in