Ripple has reached a major regulatory milestone: its stablecoin RLUSD has been officially approved by the Dubai Financial Services Authority (DFSA) for use in the prestigious Dubai International Financial Centre (DIFC). This approval not only opens new doors for Ripple, but also allows other DFSA-licensed firms to legally adopt RLUSD within the financial free zone.

RLUSD: Digital Stability Pegged to the Dollar

The RLUSD stablecoin is pegged 1:1 to the U.S. dollar. Ripple emphasizes that it is backed by high-quality liquid assets, has segregated reserves, undergoes independent audits, and includes clear redemption rights. It is designed for institutional use, not retail consumers.

According to Jack McDonald, Ripple’s Senior Vice President of Stablecoins, the DFSA approval reflects the company’s mission to deliver trustworthy, transparent, and functional solutions. “This is a big step in advancing institutional blockchain adoption – starting with cross-border payments,” McDonald stated.

RLUSD to Power Ripple’s Licensed Global Payment System

With DFSA’s green light, Ripple can now integrate RLUSD into its licensed payment system in the UAE. The goal is to combine blockchain-powered infrastructure with a trusted digital dollar, enabling seamless functionality across Ripple’s global network.

Unlike stablecoins designed for exchange trading, RLUSD is tailored for enterprises seeking faster, cheaper, and more efficient international transactions.

DIFC as a Hub for Adoption

DIFC is a major financial hub in the region. According to Ripple, by the end of 2024, nearly 7,000 companies were operating in DIFC – all of which can now legally use RLUSD. The company also reported a 55% year-over-year increase in stablecoin activity in the region.

Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, called the area a hotspot for crypto innovation. “The DFSA’s approval of RLUSD marks a significant step forward for our regional expansion,” he said.

First Customers and New Real Estate Tokenization Project

Ripple is already onboarding clients. Zand Bank and Mamo will be the first institutions in the UAE to adopt Ripple’s RLUSD-based blockchain payment system.

At the same time, Ripple announced a partnership with Ctrl Alt for a real estate tokenization project in collaboration with the Dubai Land Department (DLD). The initiative will place property title deeds directly on the XRP Ledger, creating a government-recognized link between blockchain and real-world property ownership.

Summary

With regulatory backing in Dubai, RLUSD strengthens its position as a powerful tool for modern finance. Ripple is paving the way for institutional-grade payment infrastructure, merging traditional finance with the real-world utility of blockchain. Between new clients and pioneering tokenization efforts, Ripple is clearly focused on the future of digital assets.



#Ripple , #RLUSD , #CryptoNewss , #Stablecoins , #CryptoCommunity


Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!

Notice:

,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“