Ripple received its first DFSA license in the UAE for blockchain payments, opening access to a $400 billion trade market and a $40 billion remittance market.

This will allow the company to offer regulated cross-border crypto payments and stablecoin #RLUSD , expanding its presence in a region where it already holds 20% of the global client base.

Source:

https://news.bitcoin.com/ripple-approved-in-uae-to-enter-400b-trade-and-40b-remittance-markets/