New York’s top cryptocurrency regulator, the New York Department of Financial Services (NYDFS), is about to approve the new stablecoin RLUSD issued by cross-border payment company Ripple Labs.
JinseFinanceRipple Labs’ RLUSD stablecoin, an over-collateralized digital currency pegged to the U.S. dollar, is close to receiving approval from the New York Department of Financial Services (NYDFS).
JinseFinanceRipple is intensifying the development of its RLUSD stablecoin, engaging in frequent minting across the Ethereum and XRP networks. Although still in testing, RLUSD is expected to play a key role in settlement solutions, operating alongside XRP within Ripple’s expanding ecosystem.
BerniceOn 4 April, Ripple unveiled plans to launch its own stablecoin, pegged 1:1 to the US dollar, alongside its existing cryptocurrency, XRP. This strategic initiative markets a significant milestone for the company as it seeks to bridge the gap between traditional finance (TradFi) and decentralised finance (DeFi).
XingChiGolden Finance launches Golden Web3.0 Daily to provide you with the latest and fastest news on games, DeFi, DAO, NFT and Metaverse industries.
JinseFinance