Ripple Labs has secured approval from the New York Department of Financial Services (NYDFS) for its RLUSD stablecoin. This approval allows Ripple to launch RLUSD on major exchanges and partner platforms, positioning it as a competitor to Tether's USDT and Circle's USDC. The news has sparked a significant price surge in XRP. #Ripple #RLUSD #Stablecoin #Crypto #Regulation #NYDFS