Ripple announced on December 10 that the New York Department of Financial Services (NYDFS) has approved its RLUSD stablecoin for launch. Ripple CEO Brad Garlinghouse shared the milestone in a post, marking a significant regulatory achievement for the company. The approval follows months of effort, including Ripple’s acquisition of Standard Custody &amp; Trust Company, which operates under an NYDFS charter.
<h2>Upcoming RLUSD Launch</h2>
[embed]https://twitter.com/bgarlinghouse/status/1866571228464460215[/embed]

The green light from the NYDFS sets the stage for the RLUSD stablecoin’s mainnet launch, expected soon. Ripple has partnered with top exchanges such as Uphold, Bitstamp, CoinMENA, Bullish, MoonPay, Bitso, and Independent Reserve to prepare for RLUSD’s listing. Future plans include expanding the stablecoin’s availability to additional platforms.
<h2>XRP Rallies on Approval News</h2>
Following the announcement, XRP experienced a sharp recovery. After briefly dipping below $2 to an intraday low of $1.91, XRP surged to a daily high of $2.41—a 26.17% increase. At press time, XRP settled at $2.34, with a daily trading volume increase of 12.41%, reaching $24.4 billion. The token is now close to surpassing USDT’s market cap, which could reclaim its position as the third-largest cryptocurrency.
<h2>Anticipation Builds for Stablecoin Launch</h2>
Although no official launch date for RLUSD has been announced, speculation points to a release by year-end. Ripple confirmed the stablecoin will be backed by short-term U.S. treasury bonds and USD deposits, ensuring a 1:1 peg with the U.S. dollar. RLUSD is expected to complement XRP in Ripple’s payment solutions, further strengthening its ecosystem.

Ripple continues to shape the future of digital payments with innovations like RLUSD, signaling a bullish outlook for XRP and the broader crypto market.

<em><strong>Disclaimer: </strong></em>The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Ripple’s RLUSD Stablecoin Approval Spurs 20% XRP Surge

Ripple’s RLUSD stablecoin gains NYDFS approval, driving a 20% spike in XRP price. Learn about RLUSD’s launch and its impact on XRP.

Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more
than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

Ripple’s RLUSD Stablecoin Approval Spurs 20% XRP Surge

Top Picks