Ripple Labs continues to conduct minting transfer tests for the new stablecoin product RLUSD

ChainCatcher news, Ripple Labs has conducted tests for its new stablecoin product RLUSD, including token minting and transfers, with tests carried out on the XRP Ledger and Ethereum blockchain. Over the past few months, Ripple Labs has been continuously testing RLUSD to join the rapidly growing stablecoin ecosystem. The latest minting involved approximately 9,999,700 RLUSD tokens, with the XRP Ledger index at 146.

Previous news, according to FOX Business citing informed sources, the New York Department of Financial Services has indicated to Ripple that it will approve the launch of its new stablecoin product—RLUSD, which is scheduled to be launched on December 4.