🏛️ Ripple’s RLUSD Stablecoin Gets Regulatory Green Light in Dubai
Ripple’s new stablecoin, RLUSD, has officially received approval from the Dubai Financial Services Authority (DFSA), allowing it to be used within the Dubai International Financial Centre (DIFC). This marks a major step in Ripple’s expansion into the global stablecoin market.
According to Jack McDonald, Ripple’s Senior VP of Stablecoins, the approval underscores the company’s commitment to regulatory-first design and building institutional trust.
> “With a compliance-focused framework and enterprise-grade features, RLUSD is uniquely positioned to drive institutional blockchain adoption—starting with cross-border payments,” the official statement reads.
📊 Why this matters: The UAE is rapidly becoming a hub for digital assets. According to Chainalysis, stablecoin transaction volume in the region surged by 55% in 2024, signaling growing institutional interest.
This move puts Ripple in a strong position as it competes in the increasingly crowded and regulated stablecoin space.