Based on the newest tweet on X, Ripple confirmed that its RLUSD stablecoin isn’t launching right now, citing the necessity for ultimate approval from the New York Division of Monetary Companies (NYDFS).
Regardless of some hypothesis, $RLUSD isn’t launching right now. We’re in lockstep with the NYDFS on ultimate approval and can share updates as quickly as doable.
We’re totally dedicated to launching below the supervision of NYDFS and upholding the best regulatory requirements. Keep tuned…
— Ripple (@Ripple) December 4, 2024
Ripple writes, “We’re totally dedicated to launching below the supervision of NYDFS and upholding the best regulatory requirements. Keep tuned for updates!”
