ChainCatcher news, according to Cointelegraph, Ripple's Chief Technology Officer David Schwartz stated that the Ripple-backed stablecoin RLUSD may experience an "initial supply shortage," but there is no need for FOMO.It is expected that the RippleUSD (RLUSD) stablecoin will experience significant volatility after its launch, despite the token's design goal of maintaining a 1:1 peg with the US dollar, there are still several large orders.

ChainCatcher news, Ripple CEO Brad Garlinghouse announced on the X platform that the stablecoin RLUSD has been approved by the New York Department of Financial Services (NYDFS), and the list of exchanges and partners will be launched soon.

ChainCatcher message, according to The Block, Ripple's Chief Technology Officer David Schwartz stated that he still hopes to launch its stablecoin RLUSD by the end of the year. However, the upcoming holidays may cause a delay in the release.

ChainCatcher news, Ripple posted on X: "Despite some speculation, RLUSD will not launch today. We are synchronizing with the New York Department of Financial Services (NYDFS) for final approval and will share the latest updates with everyone as soon as possible. We are fully committed to operating under the supervision of the NYDFS."Previous news revealed that insiders disclosed Ripple is about to receive approval from the New York Department of Financial Services (NYDFS) to issue the stablecoin RLUSD, which is expected to officially launch on December 4, 2024.

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.

ChainCatcher news, according to FOX Business, informed sources reveal that Ripple is about to receive approval from the New York Department of Financial Services (NYDFS) to issue the stablecoin RLUSD, which is expected to officially launch on December 4, 2024.Currently, XRP has a market capitalization of $99 billion, ranking as the fifth largest cryptocurrency in the world. As an institution already licensed by NYDFS, Ripple will collaborate with payment service providers such as Bitstamp, Moonpay, and Uphold to launch this stablecoin.The stablecoin aims to meet customer demand for low-volatility digital currencies while further promoting the development of cross-border payments and remittance transactions. Previously, Ripple also established the RLUSD Advisory Council, which includes former Federal Deposit Insurance Corporation (FDIC) Chair Sheila Bair, former JPMorgan executive David Puth, and Ripple co-founder and Executive Chairman Chris Larsen.

ChainCatcher news, according to CoinDesk, Ripple Labs announced its upcoming USD-pegged stablecoin RLUSD's exchange and market maker partners are awaiting regulatory approval from the New York Department of Financial Services (NYDFS). Ripple has partnered with exchanges such as Bitstamp, Bitso, and Bullish, while Keyrock and B2C2 will serve as market makers for RLUSD.Ripple Labs President Monica Long stated that RLUSD will serve as an important bridge for payments and the tokenization of real assets, and will be backed by short-term U.S. Treasury bonds, dollar deposits, and cash equivalents. RLUSD is planned to be tested on the XRP Ledger and Ethereum network, with an expected launch in the near future.

ChainCatcher message, according to the latest report from CryptoQuant, stablecoin liquidity has reached a new high, largely thanks to Tether and Circle. Meanwhile, Ripple has entered the field with its new RLUSD token, and as of now, the market capitalization of Ripple's stablecoin RLUSD has surpassed 47 million dollars.

ChainCatcher message, Ripple announced on social media to remind users that its stablecoin Ripple USD (RLUSD) is still in the private testing phase.Ripple stated: "Although you may see on-chain activity, the token has not been officially released. Please be cautious of anyone claiming to distribute RLUSD. Stay tuned for the latest updates and be wary of potential scams."

ChainCatcher news, Ripple's Chief Technology Officer David Schwartz confirmed that the upcoming stablecoin RLUSD will initially be available only to institutional users.Schwartz also addressed concerns about market manipulation and money laundering, emphasizing the safeguards in place for RLUSD. "I think this is unlikely to happen unless it's very early in the testing phase, before anyone is actually using it to transfer or store value."Previous news, Ripple's CEO Brad Garlinghouse stated that the Ripple stablecoin RLUSD will be launched in the coming weeks.

ChainCatcher news, Ripple CEO Brad Garlinghouse stated during a fireside chat at Korea Blockchain Week that the company will launch its new stablecoin in "weeks, not months." Garlinghouse also criticized SEC Chairman Gary Gensler's stance on cryptocurrency, calling OpenSea's situation "unfortunate." The Ripple CEO expressed that he is more "optimistic" about the future of cryptocurrency over the next five years than ever before.When asked about a potential IPO, Garlinghouse said, "The SEC approved Coinbase to go public in the U.S., and now the SEC is suing Coinbase for the same reasons. When entrepreneurs consult me about starting a cryptocurrency company, my first piece of advice is: don't register your company in the U.S. It will only lead to more legal troubles."

ChainCatcher message, Ripple announced on social media that the stablecoin Ripple USD (RLUSD) is now in Beta testing on the XRP Ledger and Ethereum mainnet. However, RLUSD has not yet received regulatory approval, so it cannot be purchased or traded. The community should be wary of fraudsters claiming to own or distribute Ripple USD.Ripple stated that RLUSD is valued at a 1:1 ratio with the US dollar (USD) and is 100% backed by US dollar deposits, short-term US government bonds, and other cash equivalents. These reserve assets will be audited by a third-party accounting firm, and Ripple will publish proof monthly.

ChainCatcher news, Ripple announced on social media that its stablecoin Ripple USD (RLUSD) will be launched later this year. RLUSD is a 1:1 dollar-pegged stablecoin designed to provide transparency and stability for the XRP Ledger and Ethereum.

ChainCatcher news, according to Bitcoin.com, at the XRP Ledger community summit, Ripple CEO Brad Garlinghouse announced the name of Ripple's new stablecoin -- $RLUSD.Previous news, according to CoinDesk, Ripple will issue a dollar-backed stablecoin. The company stated that the token is planned to be issued "later this year" and will be "100% backed by dollar deposits, short-term U.S. government bonds, and other cash equivalents." The stablecoin will first be deployed on Ripple's institution-focused XRP Ledger and the Ethereum blockchain, and will be based on the Ethereum ERC-20 token standard.