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Gate Square New & Returning Creator Rewards are ongoing!
Your ideas may be more valuable than you think!
Make your first post or come back post to share a $20,000 monthly prize pool!
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#15天打卡挑战
The latest XRP news will spread excitement within the encryption community. The company behind XRP, Ripple, will finally launch its stablecoin RLUSD. It is awaiting approval from NYDFS and is expected to be approved on December 4th. Let's take a deeper look at why this stablecoin is significant for the company and the encryption ecosystem.
XRPStable Coin: Changing the Game
XRP and RLUSD have a plan, and it is not an ordinary Stable Coin. It can be seen as their answer to all the legal chaos surrounding XRPcoin. Stable Coin is like the calm in the encryption storm - easier to predict than the roller coaster-like price fluctuation of XRPcoin. Earlier this year, Ripple acquired Standard Custody & Trust Company, paving the way for RLUSD and aligning Ripple with strict NYDFS standards.
Ripple is now challenging Circle's USDC and Paxos' USDP, among other stablecoin giants. Collaborations with platforms like MoonPay and Uphold will allow RLUSD to reach a global audience. Our goal? To integrate RLUSD into the global remittance network, making cross-border payments cheaper and faster than ever before.