Ripple’s RLUSD Stablecoin Receives Regulatory Approval in Dubai

Ripple’s RLUSD, a U.S. dollar-pegged stablecoin, has received regulatory approval from the Dubai Financial Services Authority (DFSA) for use in the Dubai International Financial Centre (DIFC).

  • RLUSD can be integrated into Ripple’s licensed payments platform.
  • Other DFSA-registered entities may also leverage RLUSD.
  • Approval supports Ripple's expansion in the UAE's digital asset ecosystem.
  • RLUSD is backed 1:1 by U.S. dollars and subject to third-party audits.
  • Questions remain regarding real-world adoption among DFSA-regulated firms.
  • Ripple has formed partnerships with local banks and payment firms.
  • There has been a 55% year-over-year increase in institutional stablecoin transactions in the UAE.