*Ripple Expands in UAE as US Crypto Regulation Stalls
Ripple has launched its cross-border payment service in the United Arab Emirates, marking a major step in its global expansion. The new “Ripple Payments” platform will be deployed by Zand Bank, the UAE’s first digital bank, and fintech firm Mamo. It combines stablecoins, crypto, and fiat to offer faster, more transparent international payments.
This move follows Ripple’s recent license from Dubai’s financial regulator, allowing it to operate in the city’s financial free zones. The UAE has quickly become a crypto-friendly region, recognizing USDT and USDC in Abu Dhabi and pushing ahead with plans for a central bank digital currency.
Meanwhile in the U.S., regulatory uncertainty lingers.
John E. Deaton, a well-known XRP advocate, warned that if the GENIUS Act fails to pass the Senate, major crypto legislation may be delayed until 2029. The GENIUS Act, proposed by Senator Bill Hagerty, sets clear rules for stablecoin issuers, including reserve requirements and consumer protection measures.
Deaton described the bill as “common-sense” and vital to unlocking broader reforms, including tax clarity and market structure. Senator Kirsten Gillibrand added that the bill could pass this week with industry support.
*Outlook
Ripple’s UAE launch shows how regulatory clarity accelerates blockchain adoption. In contrast, U.S. crypto innovation may stall if key legislation fails.
If passed, the GENIUS Act could jumpstart long-overdue reforms. If not, the U.S. risks falling further behind as other nations, like the UAE, take the lead in shaping the future of digital finance.
