Ripple's RLUSD Stablecoin Gains Approval, Boosting XRP Prices

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Source: U.Today
Ripple's RLUSD Stablecoin Gains Approval, Boosting XRP Prices
Photo: U.Today
TL;DR Summary

Ripple's RLUSD stablecoin has received approval from the New York State Department of Financial Services, allowing it to be listed on major exchanges soon. Initially announced in April and beta-tested on the XRP Ledger and Ethereum, the stablecoin is expected to contribute to the growing stablecoin market, which analysts predict could reach $3 trillion in four years.

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