Ripple (XRP) made a Big Announcement: The Expected Approval from Dubai has Arrived!

The American technology company Ripple announced that the stablecoin RLUSD has been approved as a cryptocurrency by the Dubai Financial Service Authority (DFSA).

This approval strengthens RLUSD's position as a reliable, institutional-grade stablecoin built on the foundations of regulatory compliance, utility, and transparency.

Additionally, with DFSA approval, RLUSD has joined the ranks of cryptocurrencies that can be legally used within the Dubai International Financial Center (DIFC).

The DFSA's approval allows DFSA licensed firms in the DIFC to include RLUSD in their virtual asset services.

At this point, DIFC companies can now use the RLUSD stablecoin for a variety of virtual asset services, such as payments, treasury management, and more.

DIFC is a free economic zone and financial district serving companies in the Middle East, Africa, and South Asia, and by the end of 2024, it had approximately 7,000 registered businesses.

Ripple's Senior Vice President responsible for Stablecoins, Jack McDonald, said the following:

"The DFSA's approval of RLUSD is evidence of our commitment to building a stablecoin that meets the highest standards of trust, transparency, and benefit.

With its design prioritizing regulation and features at the corporate level, RLUSD is uniquely positioned to drive the corporate use of blockchain technology in global markets, starting with cross-border payments.

In its latest statement, Ripple highlighted the development of cryptocurrency in the region and stated that it would continue to increase its activities in the area.

🇦🇪🚨 Ripple USD is now a recognized crypto token under the DFSA’s regime in Dubai. RLUSD is:

✅ Enterprise-grade ✅ Compliant
✅ Gerçek fayda için tasarlandı

Another milestone as we expand our footprint in the DIFC and across the UAE. 🔗

— Ripple (@Ripple) June 3, 2025

*This is not investment advice.

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