Ripple: The stablecoin RLUSD will not be launched today, it is undergoing final approval with the New York Financial Services Department

Ripple posted on social media saying, "Despite some speculation, RLUSD will not be launched today. We are in sync with the New York Department of Financial Services (NYDFS) for final approval and will share the latest progress as soon as possible. The team is fully committed to launching the product under NYDFS supervision and adheres to the highest regulatory standards." Fox Business reporter Eleanor Terrett said that two sources close to the process indicated that today was originally expected to be the release date, but it was postponed due to some last-minute developments. Previous reports stated that Ripple is about to receive approval from NYDFS to issue stablecoin RLUSD, which is expected to officially launch on December 4th, 2024.