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Ripple Labs continues to conduct new stablecoin product RLUSD mint transfer tests
CoinVoice has learned that Ripple Labs has conducted testing of its new Stable Coin product RLUSD, including Tokenmint and transfer, on both the XRP Ledger and ETH blockchain. Over the past few months, Ripple Labs has been conducting continuous testing of RLUSD to join the rapidly rising Stable Coin ecosystem. This latest minting has resulted in approximately 9,999,700 RLUSD Tokens, with an XRP classified index of 146.
According to informed sources cited by FOX Business, the New York Department of Financial Services has expressed its approval for Ripple to launch a new Stable Coin product called RLUSD, which is scheduled to be launched on December 4th. [Original Article Link]