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.