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<p><strong>Key Points:</strong></p>  
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 <li><em>Ripple is set to launch its overcollateralized, dollar-pegged stablecoin RLUSD on December 4, 2024, pending approval from the NYDFS.</em></li>  
 <li><em>Ripple stablecoin RLUSD will compete with established U.S. stablecoins like USDC and PAX.</em></li> 
</ul>  
<h5 class="wp-block-heading">Ripple Labs will reportedly go live with its dollar-pegged stablecoin, RLUSD, on December 4, 2024, subject to final approval from the New York Department of Financial Services.</h5>  
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2024/11/image-369-14.jpg" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2024/11/image-369-14-1024x576.jpg" alt="Ripple Stablecoin RLUSD Set to Launch on December 4 With New York Approval" class="wp-image-294505"></a>
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<p class="has-background" style="background-color:#222222">Read more:<a href="https://coincu.com/242737-revolut-paused-some-crypto-services-by-fca/" target="_blank" rel="noopener noreferrer nofollow"> </a><a href="https://coincu.com/282672-kraken-lightning-network-is-now-suspended/" target="_blank" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/wp-admin/post.php?post=288824&amp;action=edit" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/259100-tornado-cash-developer-sentenced-in-prison/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/288904-ripple-sec-lawsuit-intensifies-again/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/263533-ripple-stablecoin-rlusd-launch-later-this-year/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/wp-admin/post.php?post=263533&amp;action=edit" rel="noopener noreferrer nofollow">Cross-border Solution Ripple Stablecoin RLUSD Is Set to Launch Later This Year</a>&nbsp;</p>  
<h2 class="wp-block-heading" id="ripple-stablecoin-rlusd-to-go-live-in-new-york">Ripple Stablecoin RLUSD To Go Live In New York</h2>  
<p>According to a <em><a href="https://www.foxbusiness.com/markets/ripple-poised-new-york-approval-stablecoin-set-enter-regulated-us-crypto-market" rel="noopener noreferrer nofollow">Fox Business</a></em> report, <a href="https://coincu.com/294049-bitwise-physical-xrp-etp-now-backed-by-ripple/" target="_blank" rel="noopener noreferrer nofollow">Ripple</a> is ready to launch the stablecoin after making all the necessary preparations, pending regulatory greenlight to offer the sta3blecoin to both individuals and institutions in New York State.</p>  
<p><a href="https://coincu.com/287314-ripple-rlusd-stablecoin-on-multiple-exchanges/" target="_blank" rel="noopener noreferrer nofollow">Ripple stablecoin RLUSD</a> is planned to act as a reliable digital alternative to traditional currencies. Unlike cryptocurrencies like XRP or Bitcoin, known for their volatility, stablecoins like RLUSD are pegged to real-world assets and hence offer much more stability.</p>  
<p>The new offering from Ripple will be a whole new competition with mature players like Circle's USDC, Paxos' PAX, and Gemini's GUSD - all licensed for their operations in New York.</p>  
<p>To satisfy NYDFS's strict requirements, Ripple will have to secure a trust charter. This license would make sure that Ripple stablecoin RLUSD meets the strict standards for transparency, security, and consumer protection.</p>  
<h2 class="wp-block-heading" id="inclusive-finance-through-blockchain-innovation">Inclusive Finance through Blockchain Innovation</h2>  
<p>The introduction of Ripple stablecoin RLUSD also aligns with the company's continuous efforts to advance blockchain-based financial solutions. Currently, RippleNet is a payment network that is available for banks and businesses to perform efficient cross-border transactions, an alternative to old systems such as SWIFT. Although XRP is Ripple's native token, it still remains unregulated in the U.S.</p>  
<p>Ripple stablecoin RLUSD is scheduled to launch just as the global market for stablecoins, already valued at $190 billion, grows rapidly. XRP, which is <a href="https://coincu.com/294480-xrp-market-cap-has-now-surpassed-bnb/" target="_blank" rel="noopener noreferrer nofollow">rising to climb to the fifth place</a> among leading cryptocurrencies by market capitalization, aims to further cement its position in this new landscape.</p>  
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
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Ripple Stablecoin RLUSD Set to Launch on December 4 With New York Approval

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