ok快讯 reported on November 30 that New York’s top cryptocurrency regulator is about to approve a new stablecoin, RLUSD, issued by cross-border payment company Ripple, according to FOX Business, citing people familiar with the matter. People familiar with the matter said that the New York Department of Financial Services has told Ripple that it will approve the product, and the company plans to launch the product on December 4. If approved, Ripple will be able to legally offer its stablecoin, called RLUSD, to the public, making it a major player in New York’s regulated digital financial market and the broader stablecoin ecosystem.
