Ripple News: RLUSD Gains Regulatory Backing as Stablecoins Move Toward Bank Oversight

Ripple is moving forward with a stablecoin strategy that focuses on strict regulation and bank-level oversight. The company’s U. S. dollar stablecoin, RLUSD, is being positioned as a compliance-first product rather than an experimental crypto token. RLUSD operates under state oversight from the New York Department of Financial Services and has also received conditional federal approval … source: https://coinpedia.org/news/ripple-news-rlusd-gains-regulatory-backing-as-stablecoins-move-toward-bank-oversight/