Ripple prepares to launch the stablecoin RLUSD

On December 4, Ripple launches RLUSD. The new stablecoin is already awaiting approval from NYDFS. This move strengthens the company's position in the U.S. regulated digital asset market, providing access to one of the leading financial jurisdictions.

Ripple is developing RippleNet, a blockchain network for cross-border payments, offering banks an alternative to SWIFT. The XRP token is used for liquidity, although its status in the U.S. remains uncertain.

Trump's victory and SEC chair's resignation

The sharp rise in XRP is linked to Donald Trump's victory, who announced potential easing of crypto regulations, and the resignation of SEC Chair Gary Gensler. These events bolstered XRP's position, allowing it to surpass Binance Coin (BNB) and secure fourth place in market capitalization at $100 billion.

The launch of RLUSD places Ripple in a competitive field alongside players like Circle (USDC), Paxos, and Gemini. With the stablecoin market capitalization exceeding $190 billion, Ripple plans to solidify its position by offering solutions that meet strict regulatory standards.