Ripple’s RLUSD Stablecoin Approved for Use in Dubai

Ripple has secured regulatory approval for its RLUSD stablecoin, allowing it to be used within the Dubai International Financial Centre (DIFC). The DFSA’s recognition marks a significant milestone for Ripple and positions Dubai as a hub for crypto innovation. This approval opens the door for institutions to integrate RLUSD into their services like settlements, cross-border transactions, and decentralized applications, all in a regulated environment. The move signifies a strong global push by Ripple to establish RLUSD as a leading stablecoin globally.