Ripple’s RLUSD Stablecoin Gains Regulatory Approval in Dubai

Ripple’s U.S. dollar-backed stablecoin, RLUSD, has received regulatory approval from the Dubai Financial Services Authority (DFSA) for use within the Dubai International Financial Centre (DIFC). This landmark approval marks a significant milestone for Ripple’s global expansion efforts and positions RLUSD as one of the few stablecoins approved under both the DFSA’s crypto token regime and the New York Department of Financial Services (NYDFS) Trust Company Charter. The green light signifies RLUSD’s enterprise-grade nature, ensuring its compliance with stringent regulations while also providing real utility for institutional clients.