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Cryptonews 11 Dec 2024

XRP Climbs 8% Following NYDFS Approval for Ripple’s RLUSD Stablecoin 📈

XRP New York Ripple

XRP, the cryptocurrency associated with Ripple, experienced an 8% increase in its value. This surge occurred after Ripple was granted final approval by New York’s top cryptocurrency regulator for its RLUSD stablecoin. The approval signifies a key regulatory milestone for Ripple, potentially boosting market confidence in its offerings.

This development highlights the ongoing relationship between regulatory approval and market reactions in the cryptocurrency space, particularly in jurisdictions like New York, which are known for their stringent controls.

Source: cryptonews.com ↗

Similar articles (16)

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Ripple: the stablecoin RLUSD obtains the final approval from the NYDFS

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