Ripple Secures NYDFS Approval for RLUSD Stablecoin: XRP Price Up 9% Ripple Labs has received regulatory approval from the New York Department of Financial Services (NYDFS) for its RLUSD stablecoin, marking a significant step forward in its cryptocurrency market expansion. The new stablecoin, pegged to the US dollar, forms part of Ripple's strategy to strengthen its ecosystem and capitalize on the growing demand for stablecoins, which analysts predict will reach a $2 trillion market cap by 2028. Ripple CEO Brad Garlinghouse Tuesday announced the approval on X (formerly Twitter) confirmina that RI lISD listinas The new stablecoin, pegged to the US dollar, forms part of Ripple's strategy to strengthen its ecosystem and capitalize on the growing demand for stablecoins, which analysts predict will reach a $2 trillion market cap by 2028. Ripple CEO Brad Garlinghouse Tuesday announced the approval on X (formerly Twitter), confirming that RLUSD listings on exchanges and partner platforms will follow soon. #rp #xrpcommunity #xrparmy #rpnews #rlusd #xrptothemoon #stocks #bitcoin #xrpripple #ripple #xrpfamily