{"id":1864,"date":"2025-06-03T12:31:07","date_gmt":"2025-06-03T12:31:07","guid":{"rendered":"https:\/\/bitunikey.com\/news\/xrp-price-rallies-after-getting-dubai-approval-for-rlusd-stablecoin\/"},"modified":"2025-06-03T12:31:07","modified_gmt":"2025-06-03T12:31:07","slug":"xrp-price-rallies-after-getting-dubai-approval-for-rlusd-stablecoin","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/xrp-price-rallies-after-getting-dubai-approval-for-rlusd-stablecoin\/","title":{"rendered":"XRP price rallies after getting Dubai approval for RLUSD stablecoin"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">XRP price has been rallying in the aftermath of Ripple\u2019s stablecoin approval from Dubai Financial Services Authority, integrating it into the region\u2019s payment platform.<\/p>\n<p class=\"is-style-default\">At press time, XRP (XRP) price has been on the rise since the announcement first aired. In the past 24 hours, XRP has been seeing modest gains, climbing up by 2.2% to $2.20. It shot up from its lowest point at $2.14 to a peak of $2.22 in the span of only a few hours. The XRP price managed to break through its week-long decline.<\/p>\n<p>In the past week, the XRP price has been down 5.1%. Even more so in the past two weeks, as its value plummeted by 6.6%. It stands 35% below its previous all-time high.<\/p>\n<p>Not only that, the daily trading volume for Ripple has also seen a modest <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/xrp\" target=\"_blank\">boost<\/a> in its numbers, rising 11% to $1.87 billion. This indicates that the market has seen a recent rise in XRP trading activity. At the moment, XRP\u2019s market cap stands at $129 billion.<\/p>\n<p>This boost in value and trading volume comes after Ripple announced that its stablecoin RLUSD (RLUSD) has gained approval from the Dubai Financial Services Authority.<\/p>\n<p>After gaining approval from Dubai regulators, the daily trading volume for RLUSD <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/ripple-usd\" target=\"_blank\">shot<\/a> up by 57.9% to $35 million.<\/p>\n<figure class=\"wp-block-image size-full\"><picture decoding=\"async\" class=\"wp-image-14385386\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">XRP price chart in the past few hours after its DFSA approval, June 3, 2025 | Source: crypto.news<\/figcaption><\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Now that Ripple has obtained regulatory approval for its stablecoin, it is able to integrate RLUSD into the 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>Dubai International Financial Centre hosts nearly 7,000 firms, providing access to RLUSD across various licensed virtual asset services.<\/p>\n<p>With the recent approval, RLUSD has become one of only a handful of stablecoins which have received the regulatory green light from both the DFSA and the New York Department of Financial Services.<\/p>\n<p>Launched in December 2024, RLUSD is available in both the XRP and Ethereum (ETH) ecosystem. There are also plans to integrate the stablecoin into Cardano\u2019s (ADA) ecosystem. <\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>XRP price has been rallying in the aftermath of Ripple\u2019s stablecoin approval from Dubai Financial Services Authority, integrating it into the region\u2019s payment platform. At press time, XRP (XRP) price&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1864","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\/1864","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=1864"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1864\/revisions"}],"predecessor-version":[{"id":1866,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1864\/revisions\/1866"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1865"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=1864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=1864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=1864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}