XRP Price Soars Following Dubai Regulatory Approval of Stablecoin

The XRP price has surged in recent days following the approval of Ripple’s stablecoin, RLUSD, by the Dubai Financial Services Authority (DFSA). This move will allow Ripple to integrate RLUSD into Dubai’s payment platform, utilizing the XRP Ledger for seamless global transactions. 24-hour gains of around 2.2% have pushed the XRP price to a peak of $2.20 after exceeding its previous low of $2.14.