The post Ripple rlusd expands in Gulf fintech with Riyad Bank MoU appeared on BitcoinEthereumNews.com.

Saudi Arabia’s growing interest in blockchain payments is drawing global players, with Ripple rlUSD now entering the conversation around future digital rails. Ripple signs exploratory MoU with Riyad Bank subsidiary Ripple, issuer of the RLUSD stablecoin, has signed a memorandum of understanding with Riyad Bank‘s innovation subsidiary to explore blockchain use cases within Saudi Arabia’s financial infrastructure, the company confirmed. The move targets potential applications across the Kingdom’s payment systems, including cross-border flows and tokenized settlement. The agreement will examine how Ripple’s enterprise-grade blockchain and digital asset stack could enhance cross-border payments and other financial services. However, the parties emphasized that this is an exploratory phase, with no final production roadmap or launch schedule disclosed yet. Riyad Bank, among the largest financial institutions in Saudi Arabia, has been building out its digital innovation agenda through a specialized subsidiary focused on new technologies. Moreover, the bank is positioning itself to plug into the Kingdom’s long-term vision for a more competitive and modern financial system. Saudi fintech ambitions and tokenized payment rails The partnership aligns with Saudi Arabia‘s broader strategy to develop a leading fintech sector and experiment with tokenized payment rails. Policymakers in Riyadh have been encouraging banks and financial institutions to work with global technology providers, while remaining within local regulatory standards and oversight. That said, the memorandum of understanding does not yet specify which parts of Saudi infrastructure might adopt Ripple’s technology. Instead, it sets out a framework for ongoing evaluation, testing, and dialogue between the parties and, where relevant, domestic regulators. The companies highlighted that any eventual deployment would need to complement existing systems and comply with Saudi rules on payments, remittances, and digital assets. Moreover, the MoU leaves room for potential pilots around institutional use cases before any broader rollout. Ripple RLUSD strategy in the Gulf region…

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Filed under: News - @ January 26, 2026 5:28 pm