Ripple has received final approval from the New York Department of Financial Services to launch its stablecoin, Ripple USD (RLUSD), which will be pegged 1:1 to the US dollar and fully backed by USD deposits and short-term US government treasuries. CEO Brad Garlinghouse announced the news, stating that exchange and partner listings will be available soon.In a separate incident, Haven Protocol experienced a significant mint exploit, resulting in the illicit creation of over 500 million XHV tokens, causing the token's price to plummet by over 60%. The breach was attributed to a vulnerability in the range proof validation code, leading to a critical security gap in the protocol.