New York's crypto regulator nearing approval of Ripple-issued stablecoin, Fox Business reports.

People close to the matter say the New York Department of Financial Services has indicated to Ripple it will approve the stablecoin. Ripple is reportedly eyeing a possible launch date of Dec. 4. If approved Ripple Labs will be allowed to legally offer its stablecoin RLUSD to the public.

New York's crypto regulator nearing approval of Ripple-issued stablecoin, Fox Business reports.

People close to the matter say the New York Department of Financial Services has indicated to Ripple it will approve the stablecoin. Ripple is reportedly eyeing a possible launch date of Dec. 4. If approved Ripple Labs will be allowed to legally offer its stablecoin RLUSD to the public.

https://watcher.guru/news/ripple-xrp-stablecoin-set-for-approval-in-new-york