Ripple’s RLUSD Stablecoin Gets NYDFS Approval!

Ripple’s dollar-backed stablecoin, RLUSD, is now NYDFS-approved and in beta testing with a $52M supply. Pegged to U.S. government bonds, RLUSD aims to revolutionize payments via tokenization and on-chain liquidity tools. While XRP saw a 10% surge post-announcement, market volatility has pulled it back. Experts predict RLUSD could double XRP demand by 2025, solidifying Ripple’s role in the $200B stablecoin market. 

https://coinpedia.org/news/xrp-lawsuit-news-what-happens-next-if-the-new-administration-drops-the-appeal/

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