According to the latest tweet on X, Ripple confirmed that its RLUSD stablecoin is not launching today, citing the need for final approval from the New York Department of Financial Services (NYDFS).
Despite some speculation, $RLUSD isn’t launching today. We’re in lockstep with the NYDFS on final approval and will share updates as soon as possible.
We are fully committed to launching under the supervision of NYDFS and upholding the highest regulatory standards. Stay tuned…
— Ripple (@Ripple) December 4, 2024
The company reassured its commitment to regulatory compliance, saying “We are fully committed to launching under the supervision of NYDFS and upholding the highest regulatory standards”,
This announcement comes amid growing interest in the stablecoin, which is expected to play a major role in Ripple’s ecosystem once approved.
Also Read: Reports Claim RLUSD to Launch Today; Can Ripple Price Hit $3?
Source: https://www.cryptonewsz.com/rlusd-not-launching-today-ripple-confirms/