Ripple's anticipated stablecoin, Ripple USD (RLUSD), may still launch before the end of 2024, despite potential delays due to holiday schedules. Ripple CTO David Schwartz expressed optimism about meeting the year-end target. The stablecoin initiative was announced in April and has secured partnerships with exchanges such as Uphold, Bitstamp, and MoonPay. The launch is subject to approval from the New York State Department of Financial Services (NYDFS), which Schwartz described as the "gold standard" for stablecoin regulation. Ripple's recent developments have had a positive impact on its market activity, with its XRP token surging over 400% in just one month following Donald Trump's primary election victory. Although XRP has retraced over 15% this week, the appointment of Paul Atkins as SEC Chair and Trump's impending inauguration could pave the way for further growth in 2025.



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