Ripple’s RLUSD Stablecoin Wins Regulatory Approval in UAE, Fueling Institutional Adoption

Ripple Labs’ USD-backed stablecoin, RLUSD, has received a key regulatory nod from the Financial Services Regulatory Authority (FSRA) in Abu Dhabi Global Market (ADGM). This approval designates RLUSD as a Fiat-Referenced Token, paving the way for licensed firms to integrate it into regulated activities. This move marks a significant step towards institutional adoption and strengthens Ripple’s presence in the Middle East.