Ripple’s Stablecoin RLUSD Gains Regulatory Approval in Abu Dhabi, Boosting XRP Community’s Confidence

Ripple has scored a significant regulatory victory with the greenlisting of its USD-backed stablecoin, RLUSD, by Abu Dhabi’s Financial Services Regulatory Authority (FSRA). This approval paves the way for RLUSD to be used in various financial activities within the ADGM, opening up new opportunities for institutional adoption. Ripple emphasizes that compliance and trust are vital for achieving widespread institutional use in finance, and this greenlisting marks a crucial step towards expanding RLUSD’s role as a secure settlement asset within the region.