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Ripple's RLUSD stablecoin has secured final approval from the New York State Department of Financial Services, signaling readiness for its launch. CEO Brad Garlinghouse confirmed the news, with listings and exchange integrations expected soon.
What’s the Scoop?
- Cleared for business: NYDFS granted regulatory approval, clearing RLUSD for operation in one of the strictest jurisdictions for digital assets.
- ETH-ready: RLUSD will launch on both XRP Ledger and Ethereum.
Bankless Take
Ripple’s NYDFS approval underscores the growing importance of regulatory compliance in the stablecoin space. RLUSD’s compatibility with 
Ethereum and partnerships with major exchanges position it as a strong entrant into the stablecoin market. However, competing against players like USDC and 
Tether will require significant adoption and utility. Ripple’s strategic liquidity support and cross-chain plans could pave the way for a robust rollout, signaling a broader push toward institutional acceptance.
