The approval by the New York Department of Financial Services means that Ripple will be allowed to legally offer its stablecoin through a so-called limited purpose trust charter.

The NYDFS is reportedly poised to approve Ripple Labs’ RLUSD, an overcollateralized stablecoin pegged to the U.S. dollar.

Ripple’s dollar-backed stablecoin, RLUSD, is officially on track for its December 4 debut in New York. The New York Department of Financial Services (NYDFS) is reportedly ready to approve the new product,

Ripple’s RLUSD stablecoin nears NYDFS approval, offering a stable alternative to XRP and positioning Ripple in the regulated stabl

Ripple labs is poised to launch its RLUSD stablecoin as NYDFS approval nears, aiming to strengthen its position in the U.S. digital market.

The New York Department of Financial Services (NYDFS) is expected to approve Ripple Labs’ RLUSD stablecoin — an overcollateralized dollar-pegged stablecoin — in the coming days, sources revealed to Fox Business.

Ripple's stablecoin RLUSD is expected to launch on December 4, pending NYDFS approval, positioning Ripple as a key player in regulated digital finance. The launch will compete with Circle, Paxos, and Gemini, offering a stable alternative to XRP for users seeking reduced volatility.

New York Regulator poised to approve Ripple's RLUSD stablecoin, boosting the crypto market. XRP rallies on positive regulatory sentiment