The news content highlights that Ripple's RLUSD stablecoin has received NYDS approval, providing it with a high regulatory standard and transparency through audits. Stablecoins, like RLUSD, are believed to be essential for cross-border payments and offer advantages such as speed, availability, borderlessness, and transparency.

On a different note, there is increased activity with meme tokens on the XRP network, leading to speculation about potential listings on platforms. Uphold, a digital asset platform, has already listed several meme tokens and has a thorough token listing process. However, only around 30% of tokens reviewed by Uphold get approved for listing. Uphold encourages meme token creators to engage in the due diligence process for potential listing.

Furthermore, the higher token launch costs on the XRP network, which increase as the price of XRP rises, could help reduce scams and promote more legitimate projects. Launching a token on Solana, in comparison, is cheaper but has resulted in numerous low-quality and scam tokens. The higher cost of token creation on XRP is expected to contribute to a more trustworthy market.



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