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,

Ripple mints 13.9M RLUSD stablecoins across XRP Ledger and Ethereum, aiming for DeFi integration after NYDFS approval.

Ripple gains final NYDFS approval for its RLUSD stablecoin. Ripple hasn’t specified a launch date but says the listing will begin soon. Ripple’s CEO cautioned

Blockchain payment firm Ripple Labs Inc. recently transferred 380 million XRP, valued at over $915 million, to an unknown wallet. This move has raised discussion within the crypto community regarding the impact on the price of XRP, Ripple’s associated native token. The news also comes on the heels of the approval of Ripple’s stablecoin, RLUSD.

Ripple's stablecoin RLUSD is likely to go live today, December 4, after securing approval from the New York Department of Financial Services.

XRP has surged significantly this month, driven by bullish momentum and widespread gains in the cryptocurrency market. Investor interest and positive

Ripple Labs' RLUSD , fully backed by U.S. Treasury bonds, gained NYDFS approval, enhancing its compliance-first

Ripple has achieved a major milestone with the New York Department of Financial Services (NYDFS) approving its RLUSD stablecoin. RLUSD, a dollar-pegged stablecoin built on the XRP Ledger, is designed for efficient cross-border payments while maintaining a 1:1 parity with the US dollar.

On the back of mass liquidations, the XRP price seems to have reaffirmed its uptrend with the final approval for Ripple’s $RLUSD stablecoin.

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 RLUSD stablecoin receives NYDFS approval, reinforcing its compliance commitment and signaling a major win for the crypto market. Discover the impact on Ripple and XRP prices.