Ripple's RLUSD has been approved in Dubai

The technology company Ripple, which offers blockchain and crypto solutions at the corporate level, announced that its stable coin RLUSD has been approved by the Dubai Financial Services Authority (DFSA). With this approval, RLUSD has joined the ranks of cryptocurrencies that can be legally used within the Dubai International Financial Center (DIFC).

Jack McDonald, Senior Vice President of Ripple's Stable Coin Unit, stated, "The approval from the DFSA demonstrates that RLUSD meets high standards in terms of trust, transparency, and benefits. Our product is an important step towards promoting the use of blockchain in cross-border payments."

With this approval, RLUSD will be integrated into Ripple's DFSA licensed payment infrastructure.

At the same time, this development paves the way for other DFSA licensed companies operating in Dubai to integrate RLUSD into their own services. It is stated that approximately 7,000 companies are active in the DIFC by the end of 2024.

Ripple continues to increase its activities in the region. The company recently started collaborating with institutions such as Zand Bank and Mamo in the field of payment solutions in the UAE. Additionally, it is participating as a technology partner in the real estate tokenization project of the Dubai Land Department. As part of this project, it is planned to digitize real estate titles on Ripple's blockchain network, XRP Ledger.

Published: June 3, 2025 13:39Last Updated: June 3, 2025 13:40