Ripple's RLUSD stablecoin has received final approval from the New York State Department of Financial Services, as announced by CEO Brad Garlinghouse. The stablecoin is expected to be listed on exchanges and with partners soon. Ripple CTO David Schwartz expressed hopes for a launch by the end of the year. Initially announced in April, RLUSD will be available on Ledger and Ethereum. Testing began in August, and Ripple has partnered with several exchanges and market makers to support its launch and liquidity.

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Ripple's RLUSD stablecoin has secured final approval from the New York State Department of Financial Services, according to CEO Brad Garlinghouse."This just in…we have final approval from [the New York State Department of Financial Services] for RLUSD," Garlinghouse posted to X on Tuesday. "Exchange and partner listings will be live soon."Last week, RippleCTO David Schwartz said he hoped that RLUSD would be able to launch by the end of the year when speaking at The Block's Emergence conferencein Prague.Ripple announced in April it planned to launch a stablecoin, and the token would initially be available on Ledger and Ethereum.The company began testing RLUSD in August. Then, in October, Ripple namedUphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA and Bullish as its exchange partners for RLUSD's launch, with market markers B2C2 and Keyrock to support its liquidity.

Ripple's RLUSD Stablecoin Approved by New York Financial Regulator