According to FOXBusiness, informed sources have revealed that Ripple is about to receive approval from the New York Department of Financial Services (NYDFS) to issue the stablecoin RLUSD, which is expected to be officially launched on December 4, 2024. At present, the market value of XRP has reached 99 billion US dollars, ranking as the fifth largest cryptocurrency in the world. As an institution that has obtained regulatory approval from NYDFS, Ripple will collaborate with payment service providers such as Bitstamp, Moonpay, and Uphold to launch this stablecoin. This stablecoin aims to meet customers' demand for low volatility digital currencies, while promoting further development of cross-border payments and remittance transactions. Previously, Ripple also established the RLUSD Advisory Committee, which includes former Federal Deposit Insurance Corporation (FDIC) Chairman Sheila Bair, former JPMorgan executive David Puth, and Ripple co-founder and executive chairman Chris Larsen. @seungwooooooo