Ripple's upcoming stablecoin, RLUSD, aims for regulatory compliance, emphasizing innovation and trust following strict guidelines of the New York Department of Financial Services.
Ripple's advisory board, including industry leaders like Sheila Bair, will ensure that RLUSD meets compliance standards while entering the competitive stablecoin market.
Monica Long highlights the importance of security and regulation, stating that RLUSD will follow stringent reserve and redemption rules set by New York DFS.
Unlike existing stablecoins, RLUSD will be recognized as compliant under New York DFS rules, setting a precedent for trust in digital financial products.
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