Dubai’s financial watchdog has granted Ripple’s dollar-pegged stablecoin, RLUSD, the necessary approval for use within the region. This signifies a pivotal step towards wider adoption of the stablecoin, which can now be integrated into Ripple’s licensed payment platform and utilized by businesses operating in Dubai International Financial Centre (DIFC). The DIFC serves as a thriving hub for financial services within the Middle East, Africa, and South Asia, with over 7,000 companies actively operating within its walls. RLUSD, which launched in December and has been lauded for its enterprise-grade stability, received prior approval from New York State’s Department of Financial Services (NYDFS). This latest regulatory win follows Ripple’s full license approval from the Dubai Financial Services Authority to offer blockchain-based payment solutions in March, paving the way for increased engagement within the UAE’s rapidly expanding international payments market. 30 billion international payments market.