Ripple’s RLUSD Gets Abu Dhabi’s Nod Amid $1.2B Bid

Ripple’s RLUSD stablecoin has just settled in the International Financial Centre of Abu Dhabi. According to the latest legal records, Abu Dhabi’s Financial Services Regulatory Authority (FSRA) added Ripple’s RLUSD stablecoin to the Accepted Fiat-Referenced Token list, paving the way for unprecedented federal-grade adoption. https://twitter.com/Ripple/status/1993907926398857235 Differently from other popular counterparts like Circle USD (USDC) or Tether USD (USDT), Ripple’s RLUSD stablecoin is geared towards institutions. A compliance-first approach has brought the San Francisco-based tech giant’s stablecoin to a $1.2 billion market cap just two months since inception. Ripple’s Stablecoin Covers All Bases In UAE “The UAE continues to set

Continue reading on DailyCoin.