Ripple’s Stablecoin RLUSD Gains Regulatory Approval for Use Within Dubai’s DIFC

Ripple’s stablecoin, RLUSD, has received official approval from the Dubai Financial Services Authority (DFSA) to be used within Dubai International Financial Centre (DIFC). This marks a significant step forward for the stablecoin and Ripple as it opens doors for wider adoption in international markets. According to Ripple’s announcement, RLUSD is backed 1:1 by US dollars, uses high-quality liquid assets, maintains segregated reserves, undergoes regular external audits, and offers clear redemption rights.