Ripple has recently secured a full license from the Dubai Financial Services Authority (DFSA) in the UAE, marking it as the first blockchain-enabled payment service provider to achieve this status. This license allows Ripple to offer regulated cross-border payment services in a $400 billion trade hub and tap into a $40 billion remittance market. The integration of Ripple’s RLUSD stablecoin is part of this expansion, with 20% of Ripple’s customer base already in the Middle East and Africa region. Posts on X highlight strong community excitement, noting the UAE’s regulatory clarity as a driver for crypto adoption and Ripple’s strategic positioning in the region.
Additionally, there’s unverified chatter on X about the XRP Ledger potentially powering infrastructure for a crude oil trade between India and the UAE using local currencies, though this lacks confirmation from primary sources and should be treated as speculative.