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Cryptocurrency News Articles
Ripple’s RLUSD Stablecoin Nears Approval From New York’s NYDFS, Launch Planned for Dec 4, 2024
Nov 30, 2024 at 07:00 am
This move would position the company as a big player in New York’s regulated digital finance sectors and the broader stablecoin market.
Cryptocurrency exchange Binance has announced the addition of support for Ripples (XRP) stablecoin, RLUSD, to its platform. Deposits and withdrawals of RLUSD will open on December 4, 2024, at 11:00 AM (UTC).
The stablecoin will be available for trading against several fiat currencies, including USD, EUR, and GBP, as well as other cryptocurrencies like BTC, ETH, and BNB.
Binance users will also be able to use RLUSD to purchase other cryptocurrencies on the exchanges spot and margin markets.
The addition of RLUSD to Binance comes as the stablecoin is set to be launched in New York on December 4, 2024, with the approval of the New York Department of Financial Services (NYDFS).
The stablecoin is designed to be pegged to the U.S. dollar and will be backed by a basket of fiat currencies and government bonds.
Ripples (XRP) stablecoin, pegged to the U.S. dollar, is now available for deposits and withdrawals on Binance.
The stablecoin will be available for trading against several fiat currencies, including USD, EUR, and GBP, as well as other cryptocurrencies like BTC, ETH, and BNB.
Binance users will also be able to use RLUSD to purchase other cryptocurrencies on the exchanges spot and margin markets.
The addition of RLUSD to Binance comes as the stablecoin is set to be launched in New York on December 4, 2024, with the approval of the New York Department of Financial Services (NYDFS).
The stablecoin is designed to be pegged to the U.S. dollar and will be backed by a basket of fiat currencies and government bonds.
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