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International Business Times

Business

Marvie Basilan

$XRP Pumps After NYDFS Approves Ripple's $RLUSD Stablecoin

Ripple NYDFS XRP Crypto Brad Garlinghouse Bitcoin Tether

Ripple's $RLUSD stablecoin has been approved. (Credit: CryptoWallet.com Images/flickr.com)

KEY POINTS

$XRP is up by over 5% in the last 24 hours, while $BTC increased by around 1%
#RLUSD, #XRP, and #TheBitcoin were trending topics on X overnight
$XRP was down earlier this week following a 60 Minutes episode that featured Brad Garlinghouse

The price of XRP was battered by a broader cryptocurrency market crash early in the week, but on Tuesday night, the token climbed back as Ripple CEO Brad Garlinghouse confirmed that the company has received final approval from the New York State Department of Financial Services (NYDFS) for its RLUSD stablecoin.

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