Ripple secures NYDFS greenlight to launch RLUSD stablecoin

Bard Garlinghouse confirmed the regulator approval, stating the stablecoin will go live soon.

Dec 11, 2024

Happy Wednesday!

Ripple has made headlines today by securing approval from the New York Department of Financial Services (NYDFS) for its upcoming RLUSD stablecoin, with CEO Brad Garlinghouse confirming that it will launch soon. In other news, Goldman Sachs is exploring opportunities in crypto market-making for Bitcoin and Ethereum, contingent on regulatory shifts in the U.S., as CEO David Solomon emphasizes the potential of cryptocurrencies. Meanwhile, Microsoft shareholders have voiced their opposition to a Bitcoin treasury allocation in a preliminary vote, although the company continues to monitor market developments. Stay tuned for more insights on these pivotal movements in the crypto landscape!

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The global crypto market cap is $3.6 trillion, with a 24-hour volume of $263.27 billion. The price of Bitcoin is $100,439.71, and BTC market dominance is 55.4%. The price of Ethereum is $3,790.53, and ETH market dominance is 12.7%. The best-performing sector is Base Ecosystem, which gained 18%. The Crypto Fear & Greed Index is currently Greed (74).