PANews reported on December 7 that according to The Block, Ripple's chief technology officer David Schwartz said that he still hopes to launch its stablecoin RLUSD before the end of the year, but at the same time he believes that the upcoming holidays may cause its release to be postponed again. In addition, he mentioned that ensuring that Ripple's partners can launch in a coordinated manner and "without getting into trouble" is the top priority because the regulatory process involved is quite cumbersome.