Ripple is expected to receive approval from the New York Department of Financial Services (NYDFS) to launch its stablecoin, RLUSD, allowing it to enter the US crypto market. This regulatory approval will allow Ripple to operate in New York's regulated digital finance market and the broader stablecoin ecosystem. The expected launch date for RLUSD is December 4. Ripple currently operates RippleNet, a global payment network that provides cross-border payment solutions using blockchain technology. While Ripple's native token, XRP, is currently unregulated in the US, it has recently seen a surge in price and market capitalization. This move puts Ripple in competition with established US stablecoin issuers. The stablecoin market, valued at $190 billion, is expected to expand under the pro-crypto Trump administration.



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