Ripple officially stated: "Despite some speculation, RLUSD did not launch today as scheduled. We are keeping pace with NYDFS on final approval and will share the latest news as soon as possible. We are fully committed to operating under the supervision of NYDFS and adhering to the highest regulatory standards. Stay tuned for updates."
FOX Business reporter Eleanor Terrett said: "Ripple's X post confirms my report that NYDFS is ready to approve the company's new stablecoin. In addition, two people familiar with the matter said that today is the expected launch date, but some last-minute progress has led to a delay."
Previous news, according to FOX Business, New York's top cryptocurrency regulator-the New York Department of Financial Services (NYDFS)-is about to approve a new stablecoin RLUSD issued by cross-border payment company Ripple.
People familiar with the matter said that the New York Department of Financial Services has told Ripple that it will approve the product, and the company plans to launch the product on December 4.