Ripple’s RLUSD Stablecoin Gains Regulatory Approval in Dubai, Paving Way for Wider Adoption
Ripple announced Tuesday that its U.S. dollar-pegged stablecoin, RLUSD, has received regulatory approval from the Dubai Financial Services Authority (DFSA), enabling its use within the Dubai International Financial Centre (DIFC).
This green light from Dubai’s financial regulator allows RLUSD to be integrated into Ripple’s licensed payments platform and opens the possibility for other DFSA-registered entities to utilize the stablecoin.
The approval is a significant step for Ripple’s expansion in the region’s rapidly evolving digital asset market, where regulatory certainty remains a critical driver of adoption.
In a statement, Ripple emphasized that the DFSA’s endorsement highlights RLUSD’s foundation in regulatory compliance and transparency.
Backed 1:1 by U.S. dollars held in high-quality liquid assets and subject to third-party audits, RLUSD aims to address institutional concerns over stablecoin reserves and transparency.
Despite the regulatory green light, questions remain over actual market adoption, as it is yet unclear how many DFSA-regulated firms will incorporate RLUSD into their payment systems.
This approval aligns with Ripple’s broader efforts to strengthen its presence in the UAE. The company has recently partnered with local banks and payment firms such as Zand Bank and Mamo and collaborated with Ctrl Alt on a real estate tokenization project for Dubai’s Land Department.
Ripple also highlighted the rapid growth of institutional stablecoin adoption in the UAE, citing a 55% year-over-year increase in transaction volumes.
