According to media reports, David Schwartz, Chief Technology Officer of Ripple, stated that he still hopes to launch his stablecoin RLUSD before the end of the year, but at the same time, he believes that the upcoming holidays may cause another delay in its release. In addition, he mentioned that ensuring that Ripple's partners can launch in a "coordinated manner" and "avoid trouble" is the top priority. Because the regulatory process involved is quite cumbersome. This involves many aspects, the most important of which is that stablecoins are issued through New York State trusts and regulated by the New York State Department of Financial Services, which is the gold standard regulatory agency for stablecoins... They are reviewing all of our processes, compliance, and all matters, and we are looking forward to resolving any issues related to issuance. We believe we will succeed @gyomei