Ripple Stablecoin RLUSD, Scheduled for Release on the 4th

News has spread that Ripple (XRP)'s new stablecoin is soon to receive approval. On the 30th (local time), Fox Business News reported that the New York Department of Financial Services (NYDFS) is expected to approve Ripple's stablecoin RLUSD. Following this, Ripple has announced December 4th as the expected release date for RLUSD. Monica Long, the CEO of Ripple Labs, stated, "Currently, the preparation for RLUSD's operation is in the final stages, and we are awaiting regulatory approval from the New York Department of Financial Services for public release." With the release of RLUSD, it is anticipated that Ripple's financial business will accelerate. Brad Garlinghouse, CEO of Ripple, explained, "Ripple's payment solution will enable faster, more stable, and cost-efficient cross-border transactions by utilizing RLUSD, XRP, and other digital assets." On the 1st (Korean time), Ripple recorded a 1.88 dollar increase, up 4.27% from the previous day based on the CoinMarketCap.