Soon, Ripple’s RLUSD stablecoin will be available for purchase, as the company has publicly stated. In a Monday post to her social media account, Ripple President Monica Long hailed the launch of the XRP Ledger and the new stablecoin as a major milestone for the company, which processes more than $70 billion in transactions annually. RLUSD integrates.
Ripple’s extensive expertise, spanning over a decade, with rigorous compliance standards and the backing of an esteemed advisory group. Last Monday, the New York State Department of Financial Services (NYDFS) granted final clearance for RLUSD to the corporation, following the regulator’s limited-purpose trust company charter.
When Will RLUSD Launch?
Uphold, MoonPay, Coin MENA, Archax, and Bitso are among the platforms that will debut RLUSD. Additional exchanges such as Bitstamp, Bullish, Mercado Bitcoin, Zero Hash, Independent Reserve, and Zero Hash will shortly join the launch.
December 17, 2024, is the first day RLUSD will be traded on global markets. We have verified the launch date but have not revealed the specific time. There is a rumor that the launch will occur at 8:00 AM EST, providing users with an early start on their typical 9–5 workday, but this is merely speculation as Ripple has not officially confirmed it yet. Because of this, it is best to exercise caution until Ripple releases formal information.
XRP Price Jumps:
After hearing the news, the market responded warmly, and the value of XRP increased. Despite traders selling out, Ripple’s popularity may keep increasing XRP’s price. The price of XRP has been skyrocketing since Ripple made its big announcement.
Bitcoin and other cryptocurrencies are doing well, but Ripple’s stablecoin news is the primary driver of XRP’s movement. With more people having faith in Ripple, the value of XRP should rise, riding the wave of optimism in the cryptocurrency industry.
Summary
The New York State Department of Financial Services has scheduled the launch of Ripple’s RLUSD stablecoin for December 17, 2024. As a significant accomplishment, this milestone integrates Ripple’s ten years of experience and regulatory standards, as highlighted by President Monica Long.
Significant platforms, including Uphold, MoonPay, and Bitso, will launch RLUSD, and additional exchanges will follow shortly. Despite some traders cashing out, the market responded favorably, driving the value of XRP higher due to growing confidence in Ripple. While we still don’t have official confirmation, we hear rumors of an 8:00 AM EST debut.
FAQs
When will RLUSD be available?
RLUSD will debut on December 17, 2024, with a potential launch time of 8:00 AM EST, though it's not yet confirmed.
Which platforms will support RLUSD?
Platforms like Uphold, MoonPay, and Bitso will initially support RLUSD, with more exchanges joining soon.
How does RLUSD impact XRP's value?
The announcement of RLUSD has boosted confidence in Ripple, contributing to a rise in XRP's price.
Is RLUSD fully approved?
Yes, the New York State Department of Financial Services has granted final clearance for RLUSD.
