Dubai Regulator Approves Ripple’s RLUSD Stablecoin

The Dubai Financial Services Authority (DFSA) has approved Ripple’s RLUSD stablecoin. This means that the regulatory agency now recognizes RLUSD as a crypto asset. The announcement revealed that with the latest RLUSD approval, the stablecoin would be used within the Dubai International Financial Centre (DIFC).

Commenting on the latest feat, Managing Director of the Middle East and Africa (MEA) at Ripple, Reece Merrick, said:

“The DFSA’s approval of RLUSD is yet another step forward for Ripple’s operations in the region, and we’re seeing huge interest from businesses of all sizes for cross-border payments and digital asset custody solutions.”

Ripple Open For More Partnerships

He added that with a rapidly growing digital economy, the UAE represents a dynamic hub of innovation. He noted that the company remains committed to working with regional partners, end-users, and regulators to drive growth.

Notably, this approval further solidifies RLUSD’s status as a trusted, enterprise-grade stablecoin, designed with regulatory compliance, transparency, and utility at its core.

The DFSA’s green light for RLUSD adds to Ripple’s growing momentum in the region. Recently, Zand Bank and Mamo signed on as the first UAE customers for its regulated blockchain-powered payments platform.

Remarkably, the RLUSD has achieved rare regulatory distinction, with approvals from both the DFSA’s crypto token regime and the New York Department of Financial Services (NYDFS) Trust Company Charter, placing it among a select group of globally compliant stablecoins.

RLUSD is designed to meet the highest standards of regulators and institutional stakeholders, backed 1:1 by high-quality liquid USD assets. Additionally, rigorous reserve management, asset segregation, independent third-party audits, and transparent redemption rights also support it.

Stablecoin Adoption

The approval also opens the door for nearly 7,000 DFSA-licensed firms in the DIFC to integrate RLUSD into their virtual asset services. This supports the strategic growth of a regulated, high-quality stablecoin within Dubai’s digital finance and fintech ecosystem.

The UAE is experiencing rapid stablecoin adoption, with 2024 transaction volumes rising 55% year-over-year. This trend highlights a growing market demand for blockchain technologies that can streamline inefficiencies in traditional payment infrastructure.

“The UAE continues to set a global benchmark for forward-thinking digital asset regulation and innovation. The DFSA’s approval of RLUSD is yet another step forward for Ripple’s operations in the region, and we’re seeing huge interest from businesses of all sizes for cross-border payments and digital asset custody solutions,” Ripple’s Managing Director MEA said.

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