BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home BUSINESS

Ripple Stablecoin RLUSD Launch Confirmed with NYDFS Approval

by Sham
December 16, 2024
in BUSINESS, CRYPTO
Reading Time: 3 mins read
A A
13
SHARES
217
VIEWS
Share on XShare in TelegramShare on Reddit
  • Ripple has officially confirmed that its Ripple USD (RLUSD) stablecoin will be launched on December 17th.
  • The RLUSD stablecoin will be listed on leading cryptocurrency exchanges like Bitstamp shortly after launch.
  • Ripple CEO Brad Garlinghouse expects broader adoption of stablecoin products like RLUSD due to their “real utility.”

Ripple, a San Francisco-based blockchain company, has officially announced the launch date for its much-anticipated stablecoin, Ripple USD (RLUSD). This development comes as a significant milestone in the fintech world, promising to stir the dynamics of cryptocurrency trading.

JUST IN: Ripple $XRP has confirmed the launch of its stablecoin $RLUSD for tomorrow, December 17th

Day 1 Listings are expected on major exchanges pic.twitter.com/pQYXd6wO5K

— BlockNews (@blocknewsdotcom) December 16, 2024

Launch Announcement of Ripple USD (RLUSD)

Ripple has confirmed that its stablecoin, Ripple USD (RLUSD), will be officially launched on December 17. This product is expected to make its debut on leading cryptocurrency trading platforms shortly after its initiation. Among the list of exchanges to feature RLUSD, includes Bitstamp, as confirmed by Ripple’s Cassie Craddock.

Recent Developments and Expectations

The New York State Department of Financial Services (NYDFS) greenlighted the much-discussed stablecoin just last week. In light of this, Ripple CEO Brad Garlinghouse expressed his expectation for a broader adoption of stablecoin products, highlighting their “real utility.” Further, the announcement of the RLUSD launch resulted in a modest 1.5% increase in XRP tokens. However, the market had mostly priced in the impending launch of the stablecoin product, which follows an enormous rally experienced by the XRP.

Warnings Against Speculation and Future Prospects

David Schwartz, Ripple’s Chief Technology Officer, recently cautioned against speculating on the price of the highly anticipated stablecoin. This warning came after an individual expressed a willingness to acquire a fraction of one token for $1,200. Schwartz emphasized that the supply of the stablecoin would stabilize within an extremely short period. While commenting on the announcement, Schwartz stated his expectation for increased liquidity on the XRP Ledger due to the introduction of the RLUSD stablecoin. He also pointed out the countless opportunities for developers and users who seek to reap the benefits of XRPL, RLUSD, and XRP.

Conclusion

The imminent launch of Ripple USD (RLUSD) is a significant milestone in the cryptocurrency market. The stablecoin’s introduction is expected to drive a broader adoption of digital currencies and offer increased opportunities for developers and users alike. Despite the enthusiasm, users and investors are advised against speculation due to the predicted rapid stabilization of the stablecoin’s supply.

Tags: BitstampBlockchainrippleRLUSDStablecoin
Tweet3ShareShare
Previous Post

Solana Pulls Back From Recent Highs While Holding Key Support Levels

Next Post

Binance Confirms PENGU Spot Trading Listing: Massive Pump Incoming for Pudgy Penguins?

DON'T MISS THESE! HOT OFF THE PRESS

Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules
CRYPTO

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Connecticut Bans Bitcoin and Crypto for Government Funds
BITCOIN

Connecticut Bans Bitcoin and Crypto for Government Funds

July 1, 2025
Shiba Inu: Turning $3,000 into $10,000 – The Math Behind the Meme
CRYPTO

Shiba Inu: Turning $3,000 into $10,000 – The Math Behind the Meme

July 1, 2025
FARTCOIN Surges 148%—Is the Meme Just the Beginning?
CRYPTO

FARTCOIN Surges 148%—Is the Meme Just the Beginning?

July 1, 2025
Load More

Related News

Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Donald Trump Threatens Elon Musk with DOGE Audit

Donald Trump Threatens Elon Musk with DOGE Audit

July 1, 2025
Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.