Key Takeaways:
- Ripple Labs obtained money transmitter licenses in Texas and New York, expanding its U.S. operations.
- The licenses support Ripple’s cross-border payment solutions amid growing cryptocurrency adoption.
- Ripple’s RLUSD stablecoin was approved by NYDFS, with plans for future exchange listings.
Ripple Labs has secured money transmitter licenses in Texas and New York, expanding its U.S. footprint.
Announced on January 27, these licenses allow Ripple to offer cross-border payment solutions, adding to its portfolio of over 50 licenses nationwide.
2025 kicks off with big wins for crypto in the US and Ripple's growth: new MTL licenses in NY & TX, new customers onboarded, and ramping up hiring across the U.S. ⭐️ https://t.co/ZHmEracQN6
— Ripple (@Ripple) January 27, 2025
Ripple highlighted the rigorous compliance standards and regulatory oversight in both states, emphasizing their importance as hubs for cryptocurrency activity—Texas for mining operations and New York for digital asset businesses.
This milestone follows Ripple CEO Brad Garlinghouse’s December disclosure that the New York Department of Financial Services (NYDFS) had approved the company’s RLUSD stablecoin, with plans to list it on cryptocurrency exchanges.
Ripple’s progress aligns with growing adoption and regulatory clarity in the cryptocurrency industry, further positioning the company as a leader in blockchain-based financial solutions.
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Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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