Digital payment network Ripple’s long-awaited RLUSD stablecoin has finally been approved by the New York Department of Financial Services (NYDFS) after months of review. Ripple CEO Brad Garlinghouse announced the launch of RLUSD in a post on X on Dec. 10, stating that exchange and partner listings for the stablecoin would be available soon. Following the announcement, Ripple’s native cryptocurrency, XRP, surged roughly 10% in the past 24 hours and is currently trading at $2.40, according to CoinGecko data . This latest rally brings XRP’s year-to-date (YTD) gains to 283%. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
