Ripple’s RLUSD Gets Institutional Boost as SEC Eases Stablecoin Rules for Broker-Dealers

Ripple’s $RLUSD and other payment stablecoins in the U.S. have received a major boost from the SEC’s latest guidance, which reduces the haircut that broker-dealers must apply to positions in stablecoins. SEC Chair Paul Atkins also commented on this move, describing it as a great step as traditional finance (TradFi) firms look to access on-chain markets.