Breaking: Ripple Labs Secures NYDFS Approval for RLUSD

Ripple Labs has officially received approval from the New York Department of Financial Services (NYDFS) for its upcoming RLUSD stablecoin. This move, as a result, marks a key development for Ripple as it prepares to launch a new stablecoin, pegged to the US dollar, and expand its presence in the cryptocurrency market.