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Ripple: Approval of Stablecoin RLUSD
The Ripple USD (RLUSD) stablecoin has received approval from the New York Department of Financial Services, marking a significant milestone for Ripple. As reported by BTC-ECHO, this regulatory green light positions Ripple to compete directly with major players like Tether and Circle in the $208 billion stablecoin market. Despite Ethereum's slight decline, XRP saw a 5% increase following this news.
Ripple Sensation: XRP Catapulted to Number One!
According to Investing.com Deutsch, an unexpected surge of over 20% in XRP has drawn attention amidst declining figures for other cryptocurrencies such as Ethereum and Cardano. This spike is attributed to the groundbreaking approval of Ripple's RLUSD stablecoin by NYDFS. The move aims at bridging traditional finance with blockchain technology through regulated means.
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XRP: Glorious Future? Price Explodes by 25%
A report from Cointelegraph Deutschland highlights that after receiving regulatory clearance for its RLUSD stablecoin, XRP experienced a notable price jump today. CEO Brad Garlinghouse announced on December 10th that exchanges would soon list RLUSD, aiming to establish itself within the lucrative stablecoin sector dominated by giants like Tether and Circle.
Ripple Stablecoin RLUSD Approved – Launch Imminent
Block-Builders.de reports that Ripple’s new venture into creating their own stablecoin underlines their strategy expansion beyond just being behind XRP. With final approvals secured from New York regulators according to CEO Brad Garlinghouse’s announcement on X platform, expectations are high regarding potential competition against leading coins USDT or USDC once launched across platforms including Ethereum too.
Ripple Receives Approval For Its RLUSD Stablecoin Impacting XRP's Value
This development could potentially boost long-term value growth prospects not only due to increased adoption but also technological advancements planned around automated market makers/liquidity pools enhancing user experience while driving demand further up, as per analysis shared via another article published recently by Cointelegraph Germany.
Sources:
- Ripple: Zulassung des Stablecoins RLUSD
- Ripple-Sensation: Jetzt wird XRP auf Platz 1 katapultiert!
- XRP: Glorreiche Zukunft? Kurs explodiert um 25 %
- Ripple Stablecoin RLUSD hat Zulassung – Launch steht kurz bevor
- Ripple erhält Genehmigung für RLUSD-Stablecoin: Auswirkungen auf XRP
- Ripple-Kursrakete gezündet? Dieses XRP-Ziel hat keiner auf dem Schirm
