RLUSD is backed 1:1 by segregated reserves and high-quality liquid assets. The stablecoin has undergone frequent third-party audits and it is designed for enterprise use. Because of this, it is especially appealing to institutional users looking for stable and compliant cross-border blockchain-based payments.<\/p>\n
\n\u201cThe DFSA\u2019s approval of RLUSD is proof of our commitment to building a stablecoin that meets the highest standards of trust, transparency, and utility.\u201d<\/p>\n
\u2014 Jack McDonald, Ripple\u2019s Senior Vice President of Stablecoins<\/p>\n<\/blockquote>\n
With approval from Dubai\u2019s financial regulator, Ripple can now integrate RLUSD into its DFSA-licensed payments platform, which uses the XRP Ledger to connect a global payout network. RLUSD provides key benefits like cheaper payment costs, faster settlement times, and regulatory clarity.<\/p>\n
<\/p>\n
The DIFC, which is home to nearly 7,000 firms, will support RLUSD across various licensed virtual asset services. Stablecoin usage in the UAE rose 55% year-over-year in 2024, indicating strong institutional demand for blockchain-based payment rails.<\/p>\n
\u201cThe UAE continues to set a global benchmark for forward-thinking digital asset regulation and innovation,\u201d said Reece Merrick, Ripple\u2019s Managing Director for the Middle East and Africa. \u201cWe\u2019re seeing huge interest from businesses for cross-border payments and digital asset custody solutions.\u201d<\/p>\n
The DFSA approval marks the latest milestone in Ripple\u2019s regional expansion. Recent partnerships with Zand Bank and fintech firm Mamo are already leveraging Ripple\u2019s regulated payment rails. To tokenize property deeds on the XRP Ledger, Ripple is also working with the Dubai Land Department and Ctrl Alt.<\/p>\n
RLUSD was introduced in December 2024 and is available on XRPL and Ethereum (ETH). Its utility has grown quickly, with plans to be integrated into Cardano\u2019s (ADA) decentralized finance ecosystem and act as collateral on Hidden Road\u2019s institutional platform, which clears more than $3 trillion a year,\u00a0<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Ripple has secured a major regulatory win as its stablecoin RLUSD gains official approval for use inside Dubai\u2019s prestigious financial free zone. According to a June 3 press release, Ripple\u2019s…<\/p>\n","protected":false},"author":1,"featured_media":512,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1828","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=1828"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1828\/revisions"}],"predecessor-version":[{"id":1829,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1828\/revisions\/1829"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/512"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=1828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=1828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=1828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}