Ripple CEO Announces Approval For RLUSD Stablecoin By New York Regulators

Quick Summary:

On Tuesday, Ripple CEO Brad Garlinghouse revealed that the New York State Department of Financial Services (NYSDFS) has granted final approval for the firm’s inaugural stablecoin, RLUSD.

In addition, the NYDFS issues a BitLicense, allowing exchanges such as Coinbase and Robinhood to provide cryptocurrency trading and custody services.

This charter will allow the organization to provide certain digital asset-related services without the complications associated with standard banking laws.

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets: HungaryUnited States

Topics: XRPUSDT Ripple ceo Digital currency Crypto Cryptocurrency Ripple Cryptocurrencies Crypto regulation Ripple Stablecoin Ripple (XRP) DeFi Ripple Stablecoin News Crypto news Ripple

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-11 @ 05:30:11 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 488 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 24347590

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

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News Last Updated: 9 hours ago

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