Ripple’s RLUSD Stablecoin Approved for Use by Licensed Firms in Abu Dhabi
The post Ripple’s RLUSD Stablecoin Approved for Use by Licensed Firms in Abu Dhabi appeared on BitcoinEthereumNews.com.
Ripple’s RLUSD stablecoin has gained regulatory approval in Abu Dhabi, allowing licensed firms in the ADGM to use it for payments, collateral, and other financial activities. This milestone boosts RLUSD’s adoption as a compliant USD-pegged token backed by reserves. Regulatory Approval: The FSRA in ADGM recognizes RLUSD as an Accepted Fiat-Referenced Token, enabling its use by regulated entities. Ripple’s expansion in the UAE includes prior approvals in Dubai, positioning the region as a hub for stablecoin innovation. Market Growth: With over $1 billion in market cap, RLUSD supports institutional needs like cross-border payments and treasury management. Ripple RLUSD stablecoin approval in Abu Dhabi opens doors for institutional use in ADGM. Discover how this boosts crypto adoption in UAE—read now for key insights! What is Ripple’s RLUSD Stablecoin Approval in Abu Dhabi? Ripple’s RLUSD stablecoin has received a significant regulatory endorsement from the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM). This approval classifies RLUSD as an Accepted Fiat-Referenced Token, permitting licensed firms within the ADGM to integrate it into their operations for activities such as payments and collateral management. Issued under a New York Department of Financial Services charter, RLUSD maintains a 1:1 peg to the US dollar, fully backed by cash equivalents to ensure stability and trust. How Does This Approval Impact Ripple’s Operations in the UAE? The FSRA’s decision allows companies licensed in the ADGM to utilize RLUSD, provided they adhere to strict compliance standards, including robust reserve management and transparent disclosures. This builds on Ripple’s established presence in the UAE, where the firm has already secured approvals in Dubai’s International Financial Centre (DIFC) for cross-border crypto payments. According to industry analysts, this regulatory clarity could accelerate RLUSD’s integration into regional financial systems, fostering greater efficiency in remittances and trade finance. For instance, early…
Filed under: News - @ November 27, 2025 1:27 pm