Ripple's RLUSD stablecoin is rumored to be expanding with a potential collaboration with Hedera Hashgraph. While there is no official confirmation from either party, speculation suggests that they are working on a global settlement standard. Furthermore, Ripple is reportedly nearing regulatory approval for RLUSD from the New York Department of Financial Services (NYDFS), with plans to roll out on December 4. This potential collaboration and regulatory approval would position Ripple as one of the few authorized entities to offer stablecoins in New York's regulated digital finance landscape. MoonPay, Bitstamp, and Uphold are expected to support RLUSD's launch. The RLUSD stablecoin is designed for cross-border payments and remittances, aiming to facilitate efficient and cost-effective transactions.



Other News from Today