The blockchain firm’s CEO, Brad Garlinghouse, has confirmed receiving the new licence.
Exchange and partner listings for the stablecoin are yet to be confirmed.
Ripple' CEO, Brad Garlinghouse
RLUSD, the USD-pegged stablecoin launched by Ripple, has “officially” received approval from the New York State Department of Financial Services (NYDFS), the blockchain firm’s CEO, Brad Garlinghouse, confirmed on social media platform X (formerly Twitter).
He further highlighted that the “exchange and partner listings [for the stablecoin] will be live soon.” The stablecoin was launched in partnership with crypto exchanges, including Uphold, Bitstamp, and Bitso.
A Jump in XRP Prices
The confirmation of the licence also brought optimism among crypto investors and pushed the price of the XRP token up by about 21 per cent from the $1.9 bottom it reached in the past 24 hours. The cryptocurrency is now trading above $2.3, gaining approximately 7.4 per cent over the same period.
XRP price movement in the last 24 hours; Source: Coinmarketcap.com
Ripple launched RLUSD last October in partnership with leading crypto exchanges and financial institutions. The stablecoin is designed to support cross-border payments and will be available to users worldwide.
Unlike regular cryptocurrencies, which are highly volatile, stablecoins are pegged to real-world assets, making them much more ‘stable.’
As Ripple has explained, one use case of RLUSD will be facilitating transactions across international borders, enabling businesses to transfer capital efficiently. The token also acts as a bridge between fiat currencies and crypto assets, allowing businesses and individuals to convert between the two.
Additionally, the stablecoin will support trading and serve as collateral for real-world assets such as commodities and securities, enhancing liquidity and transparency in digital asset markets.
RLUSD, the USD-pegged stablecoin launched by Ripple, has “officially” received approval from the New York State Department of Financial Services (NYDFS), the blockchain firm’s CEO, Brad Garlinghouse, confirmed on social media platform X (formerly Twitter).
He further highlighted that the “exchange and partner listings [for the stablecoin] will be live soon.” The stablecoin was launched in partnership with crypto exchanges, including Uphold, Bitstamp, and Bitso.
A Jump in XRP Prices
The confirmation of the licence also brought optimism among crypto investors and pushed the price of the XRP token up by about 21 per cent from the $1.9 bottom it reached in the past 24 hours. The cryptocurrency is now trading above $2.3, gaining approximately 7.4 per cent over the same period.
XRP price movement in the last 24 hours; Source: Coinmarketcap.com
Ripple launched RLUSD last October in partnership with leading crypto exchanges and financial institutions. The stablecoin is designed to support cross-border payments and will be available to users worldwide.
Unlike regular cryptocurrencies, which are highly volatile, stablecoins are pegged to real-world assets, making them much more ‘stable.’
As Ripple has explained, one use case of RLUSD will be facilitating transactions across international borders, enabling businesses to transfer capital efficiently. The token also acts as a bridge between fiat currencies and crypto assets, allowing businesses and individuals to convert between the two.
Additionally, the stablecoin will support trading and serve as collateral for real-world assets such as commodities and securities, enhancing liquidity and transparency in digital asset markets.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
Kalshi Prediction Market and TRON Integration Bridges Traditional Finance with Crypto
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
