Ripple RLUSD Stablecoin Gains Regulatory Approval from Dubai Financial Services Authority
Dubai, UAE – Ripple, a global leader in enterprise blockchain and crypto solutions, announced today that its U.S. dollar-backed stablecoin, RLUSD, has received official recognition from the Dubai Financial Services Authority (DFSA) for use within the Dubai International Financial Centre (DIFC). This milestone reinforces RLUSD’s standing as a compliant, transparent, and enterprise-grade stablecoin built for institutional use.
Regulatory Milestone with Global Standards
The DFSA’s approval places RLUSD among a select group of stablecoins permitted under Dubai’s crypto token regime. RLUSD is also one of the few stablecoins globally issued under the stringent New York Department of Financial Services (NYDFS) Trust Company Charter. Backed 1:1 by high-quality liquid U.S. dollar assets, the stablecoin adheres to strict reserve management protocols, third-party audits, asset segregation, and clear redemption rights — making it a robust solution for enterprises and regulators alike.
“This approval is a testament to our commitment to trust, transparency, and utility,” said Jack McDonald, SVP of Stablecoins at Ripple. “RLUSD was designed from day one to meet the highest global standards, and this regulatory recognition in Dubai marks another critical step in that journey.”
Enterprise-Grade Utility for Cross-Border Payments
Unlike retail-focused stablecoins, RLUSD is engineered for enterprise applications, especially in the area of cross-border payments. The DFSA’s approval allows Ripple to integrate RLUSD into its licensed payment infrastructure within the DIFC, offering businesses a stable digital dollar combined with Ripple’s blockchain-powered network and global payout reach.
This development also paves the way for other DFSA-licensed entities to incorporate RLUSD into their virtual asset services, driving further adoption within the DIFC — now home to nearly 7,000 firms as of the end of 2024.
UAE Emerges as a Global Stablecoin Hub
Stablecoin usage is rapidly expanding in the UAE. Data shows a 55% year-on-year increase in stablecoin transactions across the region in 2024. With a $400 billion+ international trade market and one of the most progressive digital asset regulatory frameworks globally, the UAE is positioning itself as a hub for stablecoin innovation and financial infrastructure transformation.
“The UAE continues to set a global benchmark for digital asset regulation,” said Reece Merrick, Managing Director, Middle East and Africa at Ripple. “This approval is a major leap for Ripple’s expansion in the region, and we’re seeing growing demand from businesses for blockchain-enabled payment and custody solutions.”
Ripple’s Growing Presence in the UAE
The DFSA’s recognition of RLUSD builds on Ripple’s expanding footprint in the Middle East. Recent announcements include Zand Bank and Mamo becoming the first customers in the UAE to adopt Ripple’s regulated payment services. Additionally, Ripple is collaborating with Ctrl Alt and the Dubai Land Department (DLD) on the Real Estate Tokenization Project, which will tokenize real estate title deeds on the XRP Ledger.
With RLUSD now DFSA-approved, Ripple is poised to further accelerate enterprise blockchain adoption in the UAE and beyond, leveraging regulatory clarity and strong institutional interest to drive meaningful innovation in digital finance.
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coinweck does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. coinweck should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their research before taking any actions related to the company.