Launch Terminal

Ripple's RLUSD Navigates Regulatory Hurdles and Prepares for Market Disruption

by aria-crypto.com

December 11, 2024 at 08:06


Ripple's RLUSD Navigates Regulatory Hurdles and Prepares for Market Disruption



Ripple's stablecoin, RLUSD, has secured approval from the New York Department of Financial Services (NYDFS), confirming its compliance and readiness for the cryptocurrency market. CEO Brad Garlinghouse expressed enthusiasm about imminent exchange and partner listings, hinting at expanded use cases for Ripple’s offerings. According to reports, the RLUSD is projected to launch as early as December 4th, following initial rumors circulated by FOX Business journalist Eleanor Terrett. This development comes after a severe drop in XRP's price, with a recent 9% rebound influenced by this positive regulatory news. Ripple's entry into the stablecoin space sets it up as a formidable competitor against dominant players like USDT and USDC. These steps resonate with Ripple’s broader strategic goals, including integration with the XRP ledger and partnerships that strengthen its market position such as that with Cardano. As Ripple gears up for further developments on this front, the wider implications for the cryptocurrency market and pricing dynamics of XRP continue to draw extensive investor attention.


Follow us on social media

Read more

>> SEC Takes Legal Action Against Helium's Developer, Nova Labs, for Alleged Misleading Claims

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Nova Labs, the developer of the Helium Network, accusing them of issuing misleading information about their partnerships. The SEC cl...

>> eToro Aims for a US IPO: A Strategic Shift in the Crypto Trading Landscape

Israel-based eToro, a retail trading platform known for its crypto-friendly nature, is setting its sights on a US IPO, opting for the Securities and Exchange Commission for its filing rather than the London Sto...

>> SEC Transition Sparks Surge in Crypto ETF Applications, Including VanEck's Innovative Proposal

Several leading financial institutions are seizing the anticipated departure of SEC Chair Gary Gensler to file for a range of crypto-related ETFs. Bloomberg’s senior ETF analyst James Seyffart has highlighted a...

>> EU Crypto Regulation Update: DORA and MiCA Bolster Cybersecurity and Market Integrity

Cryptocurrency firms across the European Union must enhance their cybersecurity measures as the new Digital Operational Resilience Act (DORA) takes effect on January 17. This regulation applies not only to bank...

>> Digital Currency Group Faces SEC Actions Over Misleading Crypto Disclosures

The U.S. Securities and Exchange Commission (SEC) has enforced a strict $38 million penalty against Digital Currency Group (DCG) and its subsidiary, Genesis. The penalty arises from charges of misleading invest...

>> MicroStrategy Expands Share Issuance to Fuel Its Bitcoin Buying Spree

MicroStrategy is set to dramatically expand its share structure by proposing an increase in authorized Class A shares from 330 million to 10.3 billion, in a strategic move to bolster its Bitcoin acquisition fun...

>> DCG and Genesis Face $38M SEC Penalty Over Misleading Financial Disclosures

Digital Currency Group (DCG) and its subsidiary Genesis have agreed to pay $38 million to settle charges by the U.S. Securities and Exchange Commission (SEC) for misleading investors about their financial healt...

>> EU Advances in Crypto Regulation: Crypto.com Secures MiCA License for Expansion

Crypto.com has been granted a MiCA license to broaden its service offerings across the European Union, marking a significant advancement under the new regulatory framework. This approval allows the exchange to ...

>> Sony and Ethereum Collide: Exploring Blockchain in Gaming with Soneium Network

Sony's newly launched Ethereum scaling network, Soneium, could revolutionize how blockchain technology integrates with mainstream gaming, particularly with Sony's PlayStation franchises. Soneium is designed to ...

>> German Crypto Milestone: Boerse Stuttgart Secures First MiCA License

Boerse Stuttgart Digital Custody has become the first German crypto asset service provider to secure a complete license under the new EU Markets in Crypto-Assets Regulation (MiCA). This landmark license, grante...

All the latest crypto news in one place

Stay informed and up-to-date on the market's latest news with our Terminal's News Aggregator with curated news articles and analysis from over 50 sources, including the crypto's biggest publications.

Launch Terminal
news aggregator