RLUSD Gains Regulatory Green Light in Dubai, Boosting Ripple USD Growth
Ripple’s enterprise stablecoin RLUSD has gained approval from the Dubai Financial Services Authority (DFSA) to operate within the Dubai International Financial Centre (DIFC). Marking a major expansion into the UAE market.
This regulatory clearance enables RLUSD to integrate with Ripple’s licensed payment ecosystem, boosting cross-border settlement efficiency. Backed one-to-one by U.S. dollars and built with institutional-grade controls. RLUSD is set to support broader adoption among nearly 7,000 firms in Dubai’s fintech hub. Ripple’s move strengthens its role in the UAE’s digital asset revolution and complements partnerships with local banks and real estate tokenization initiatives.
Clever Robot News Desk 5th June 2025
