Market
Which major financial institution will integrate RLUSD by October 31, 2025?
3
Resolution / Starting Odds
Bank of America • 25%
JP Morgan • 25%
HSBC • 25%
None of these • 25%
Official announcements from major financial institutions or Ripple
Story
Ripple's RLUSD Stablecoin Nears NY Approval, Ethereum-Compatible, Launch Set for Dec. 4
Nov 30, 2024, 01:14 AM
Ripple's stablecoin, RLUSD, is nearing approval from the New York Department of Financial Services (NYDFS), with a launch date reportedly set for December 4. The stablecoin, designed for institutional settlement and cross-border payments, will operate under New York's stringent regulatory framework. RLUSD is overcollateralized, compatible with Ethereum, and will be integrated with Ripple's XRP Ledger, positioning it as a competitor to existing stablecoins such as Tether (USDT) and USD Coin (USDC). The approval marks a significant step for Ripple in entering the regulated U.S. digital finance market, with potential support from Trump's crypto-friendly policies.
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XRP Ledger • 25%
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Japan • 25%