Ripple's stablecoin has received the green light from UAE authorities and will be part of a project to transfer property rights to the blockchain.
Ripple is reaching a new level in the UAE. The Dubai financial regulator DFSA has approved the use of the stablecoin RLUSD in the DIFC free trade zone, where nearly 7,000 companies are registered.
Now RLUSD is officially included in the list of approved cryptocurrencies allowed for use in the regulated infrastructure of DIFC. This means that companies will be able to use it for payments, treasury management, and other financial operations based on digital assets.
Real cases: tokenization of real estate on the XRP Ledger
One of the key areas will be supporting the Dubai Land Department's initiative for the tokenization of property rights.
The project has already entered the pilot phase: title registrations will occur directly on the $XRP Ledger, ensuring transparency, cost reduction, and protection against fraud.
This is an important step towards the tokenization of real assets (RWA) — one of the most promising areas in the crypto industry.
Ripple: "Demand for cryptocurrencies in the UAE is rapidly growing"
Ripple's head for the Middle East and Africa, Rhys Merrick, noted that local companies' interest is enormous:
"The UAE economy is developing dynamically. We see high interest in solutions for cross-border transfers and custodial services."
Among the first partners are digital bank Zand and fintech platform Mamo, which plan to implement Ripple's payment products in the near future.
Stablecoins are not competitors to fiat, but rather its complement
Ripple emphasizes: the task of RLUSD is not to replace the existing financial system, but to complement it. Especially where traditional mechanisms work slowly or unstably.
"Our clients do not want to become crypto experts. They need solutions that simply work," the company explained.
RLUSD is a regulated, corporate-level stablecoin, approved not only in Dubai but also in the USA. In December 2024, it was approved by the New York State Financial Department (NYDFS).
Ripple scales up its global presence
Regional expansion continues: in March, Ripple received a full license to operate in DIFC, and RLUSD became one of the few stablecoins approved simultaneously by two major regulators — DFSA and NYDFS.
In addition to RLUSD, DFSA previously included $USDC from Circle and its euro version EURC in the permitted list. Now RLUSD is officially on that list.
What does this mean?
The UAE is becoming the crypto center of the Middle East, and Ripple is gaining an important foothold for working with real businesses. The approval of RLUSD and its integration with government structures is not just a license. It is actual recognition of blockchain in government infrastructure.
