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December 5, 2024

Ripple Faces NYDFS Delay in RLUSD Launch: XRP Losses Amidst Hype

Ripple has announced a delay in launching its highly anticipated RLUSD stablecoin due to regulatory complications with the New York State Department of Financial Services (NYDFS). In a statement released on December 4, Ripple clarified, despite ongoing speculation, the RLUSD is not set to launch today. This delay has generated mixed reactions in the crypto community, especially as XRP’s growth has been generating hype around the ecosystem. As stakeholders await resolution, the market remains engaged, closely monitoring how these regulatory challenges will affect XRP’s performance going forward. The anticipation continues as Ripple navigates these hurdles.

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