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Ripple’s RLUSD Stablecoin Gets NYDFS Approval For December Launch

Ripple Labs is set to reach a major milestone in the crypto world with the imminent approval of its stablecoin RLUSD by New York’s financial regulator, the NYDFS. While stablecoins are already dominating digital transactions, this project could redefine the standards in terms of transparency and reliability. The crypto sphere is holding its breath before the launch of this new dollar-pegged currency, designed to offer a robust alternative in a highly competitive market.