Exist

Ethereum

2024

Coin

<ul class="wp-block-list news-points"> 
 <li>Ripple has announced the initial testing of its stablecoin, RLUSD, on the XRPL and Ethereum mainnets. </li> 
 <li>XRP advocate Bill Morgan highlights Ripple’s efforts to obtain regulatory approval for RLUSD.</li> 
 <li>Morgan’s statement gains attention as many stablecoins are currently in the market without approval. </li> 
</ul>   
Bill Morgan, a prominent XRP advocate, has recently drawn attention to Ripple’s efforts to obtain regulatory approval for its stablecoin RLUSD, while many well-known stablecoins exist without the approval.   
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 Ripple states that: “RLUSD has not yet received regulatory approval” But Ripple is seeking regulatory approval. This is a bid deal. I can think of certain well known stablecoins that do not enjoy any regulatory approval. <a href="https://t.co/7SqHcXbeXk" target="_blank" rel="nofollow">https://t.co/7SqHcXbeXk</a>— bill morgan (@Belisarius2020) <a href="https://twitter.com/Belisarius2020/status/1822487443528098302?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 11, 2024</a>
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The crucial statement came following <a href="https://coinedition.com/ripple-bets-on-stablecoins-rlusd-testing-kicks-off-on-xrpl-ethereum/">RLUSD’s initial testing</a> on the XRPL and Ethereum mainnets last day. While announcing the significant milestone in the Ripple ecosystem, the team revealed that the stablecoin hasn’t yet received regulatory approval and hence it is not available for purchase or trading. This statement caught the attention of the X…
The post <a href="https://coinedition.com/ripple-seeks-rlusds-regulatory-approval-while-many-unregulated-stablecoins-exist/">Ripple Seeks RLUSD’s Regulatory Approval While Many Unregulated Stablecoins Exist</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Ripple Seeks RLUSD’s Regulatory Approval While Many Unregulated Stablecoins Exist

Coin Edition

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