XRP Rallies 10% as Ripple's Stablecoin Gets Regulatory Approval, CEO Garlinghouse Says

Quick Summary:

The approval is a necessary step towards the public launch of the RLUSD token, which is currently in test mode on Ethereum and XRP Ledger.

"This just in…we have final approval from NYDFS for RLUSD!

RLUSD is in beta testing on the XRP Ledger and Ethereum networks.

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Article Details

Author / Journalist: Krisztian Sandor

Category: Crypto

Markets: United StatesCubaHungary

Topics: Brad Garlinghouse Stablecoins Markets Ripple XRP

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-10 @ 21:18:36 (2 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 333 words

Reading Time: 2 minutes read

Sentences: 26 lines

Sentence Length: 13 words per sentence (average)

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

Copyright Owner: © CoinDesk

News ID: 24338484

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