Ripple Unveils RLUSD Stablecoin to Boost XRP's Global Reach

Ripple Unveils RLUSD Stablecoin to Boost XRP's Global Reach

Autor: Coin-Report Editorial Staff

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Kategorie: News and Updates

Zusammenfassung: Ripple's new stablecoin, RLUSD, launching on December 4th aims to complement XRP by enhancing cross-border payment solutions with increased liquidity and stability. Meanwhile, the SEC has rejected applications for Solana spot ETFs under Gary Gensler but optimism remains as leadership changes are anticipated in January 2025 which may favor crypto-friendly policies.

Ripple's New Stablecoin RLUSD: A Complement to XRP

The introduction of Ripple's new stablecoin, Ripple USD (RLUSD), is set for December 4th following approval from the New York financial regulator. Contrary to investor concerns, Ripple emphasizes that this US dollar-pegged coin will complement its existing cryptocurrency, XRP. According to Cointelegraph Deutschland, RLUSD aims to enhance cross-border payment solutions alongside XRP by increasing liquidity and stability through pairing with major exchanges like Ethereum and XRPL.

XRP ETF Dreams Dashed as SEC Maintains Stance

Investing.com Deutsch reports a setback for Ripple enthusiasts hoping for an XRP-ETF approval from the U.S. Securities and Exchange Commission (SEC). The regulatory body has rejected applications for Solana spot ETFs under current leadership led by Gary Gensler. However, optimism remains high as Paul Atkins is expected to take over in January 2025 after Donald Trump's inauguration, potentially ushering in a more crypto-friendly era at the SEC.

XRP Gains Traction with Worksport Adoption

FXStreet German site highlights Worksport Limited’s strategic decision to incorporate Ripple's XRP into their corporate treasury along with Bitcoin investments worth up to $5 million. This move aligns with global trends towards digital asset adoption despite ongoing legal challenges faced by Ripple against the SEC regarding securities classification issues surrounding XRP sales.

Solana & XRP ETFs Blocked Amidst Regulatory Uncertainty

A report on Block-Builders.de reveals continued resistance from the SEC under Gary Gensler’s tenure against approving Solana and other altcoins’ ETFs including those linked directly or indirectly such as four pending approvals related specifically to Ripple-backed tokens themselves which have been delayed until further notice. Changes expected within agency management post-January may favorably impact future decisions based on evolving market conditions.

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