XRP is soaring after its creator, Ripple, announced that its planned and unrelated RLUSD stablecoin has finally received regulatory approval and is preparing to launch “soon.” XRP is up 11% in the last 24 hours,

XRP prices are recovering from the broader crypto market crash earlier this year as the token was positively affected by news that Ripple's $RLUSD stablecoin has been approved by the NYDFS.

Ripple's RLUSD stablecoin has been approved for listing by the NYDFS, nearly one week after rumors of an official launch, CEO Brad Garlinghouse announced in an X post on Tuesday. The approval confirms that RLUSD can now go live on major exchanges.

RLUSD stablecoin approval from NYDFS secures Ripple's entry into the market, aiming at institutional focus and USDC competition.

The XRP price surged over 6% in the last 24 hours after Ripple CEO Brad Garlinghouse said stablecoin RLUSD had received regulatory approval.

Ripple's stablecoin, RLUSD, has received the final approval from the New York Department of Financial Services (NYDFS), announced CEO Brad Garlinghous

The crypto community is anticipating the launch of Ripple’s RLUSD stablecoin, which is expected to occur on Dec. 4.

XRP rose 8% after New York's top crypto regulator granted Ripple final approval for its RLUSD stablecoin, with listings coming soon.

The XRP price jumped 6.8% amid news that its stablecoin is approved, but traders rush to buy this ICO before it's too late.