Ripple’s RLUSD Secures ‘Accepted Token’ Status from Abu Dhabi Regulator
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- Abu Dhabi’s FSRA has officially recognized RLUSD as an Accepted Fiat-Referenced Token.
- The approval allows ADGM-licensed institutions to use the stablecoin for payments and collateral.
- RLUSD has surpassed a $1.2B market cap, leveraging its dual NYDFS and FSRA regulatory status.
Ripple has secured a critical regulatory foothold in the Middle East, announcing today that the Abu Dhabi Financial Services Regulatory Authority (FSRA) has recognized its USD-backed stablecoin, RLUSD, as an “Accepted Fiat-Referenced Token.”
“We congratulate Ripple on achieving this important milestone,” said Arvind Ramamurthy, Chief Market Development Officer, ADGM.
“We look forward to seeing them make use of our robust regulatory framework, designed to support the sustainable growth of innovative firms and ensure the highest international standards of governance and complianc…
Read The Full Article Ripple’s RLUSD Secures ‘Accepted Token’ Status from Abu Dhabi Regulator On Coin Edition.
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