Ripple’s Stablecoin Gains Regulatory Nod in Abu Dhabi, Fuels Expansion in UAE

Ripple’s USD-backed stablecoin, RLUSD, has received approval from the Financial Services Regulatory Authority (FSRA) to operate within the Abu Dhabi Global Market (ADGM). This designation allows institutions licensed by FSRA to integrate RLUSD into various regulated financial activities like payments, collateral operations, and settlement processes within the ADGM’s international financial hub. 🤝 🇦🇪