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Ripple’s RLUSD Stablecoin gets NYDFS Approval
- Ripple’s RLUSD stablecoin has received final approval from the New York Department of Financial Services (NYDFS).
- The approval solidifies Ripple's compliance-first focus in the cryptocurrency industry.
- RLUSD is backed by deposits in USD, short-term treasury bonds, and cash equivalents.
- The approval is expected to lead to RLUSD being listed on major exchanges and integrated with Ripple's partner banks.
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