XRP News Now: Why Ripple’s RLUSD Outshines USDT and USDC?

Quick Summary:

Marking an end to speculations, yesterday, Brad Garlinghouse, the CEO of Ripple Labs, confirmed that the company received approval from the NYDFS to launch RLUSD.

Pointing to USDT’s lackluster approach towards the requirement of regular audits, Van Code alleges the stablecoin has failed to comply with the basic audit requirements.

The compliance with Basel III indicates that the stablecoin meets liquidity and risk-weighting standards.

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Article Details

Author / Journalist: Qadir AK

Category: Crypto

Markets: United States

Topics: News Ripple (XRP)

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-12 @ 06:45:15 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 490 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 14 words per sentence (average)

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Copyright Owner: © Coinpedia

News ID: 24370416

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News Last Updated: 8 hours ago

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