Ripple 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.
JinseFinanceWisdomTree's NYDFS approval for digital asset custody and stablecoin issuance positions it alongside industry leaders, ensuring regulatory compliance and consumer protection.
Cheng YuanNYDFS has revised cryptocurrency listing criteria, prioritizing investor protection with stricter standards. Entities in virtual currency activities must secure DFS approval for listing policies, including comprehensive delisting policies by January 31, 2024, reflecting NYDFS's commitment to regulating the dynamic virtual currency market.
JixuThe proposed guidelines are open for public comment until October 20.
AlexThe regulatory agency asked crypto firms to adopt methods to ensure greater risk assessment for potentially problematic transactions.
Cointelegraph