Golden Finance reported that Ripple posted on social media: "Despite some speculation, RLUSD will not be launched today. Final approval is being processed simultaneously with the New York Department of Financial Services (NYDFS) and will share the latest progress with everyone as soon as possible. The team is fully Committed to launching products under NYDFS oversight and adhering to the highest regulatory standards." Fox Business reporter Eleanor Terrett said that two sources close to the process said that today was originally the expected release date, but some last-minute developments led to the delay. As previously reported, Ripple is about to receive approval from the New York Department of Financial Services (NYDFS) to issue the stablecoin RLUSD, which is expected to be officially launched on December 4, 2024.