Close Menu
Global News HQ
    What's Hot

    Essential Guide to Crafting a Successful Daycare Business Plan

    June 8, 2025

    Mini Motorways is getting a creative mode

    June 8, 2025

    DappRadar: DeFi and NFT Upticks in May Could Mark Start of Recovery

    June 8, 2025
    Recent Posts
    • Essential Guide to Crafting a Successful Daycare Business Plan
    • Mini Motorways is getting a creative mode
    • DappRadar: DeFi and NFT Upticks in May Could Mark Start of Recovery
    • Teddi Mellencamp & Edwin Arroyave Reunite for Their Daughter’s Latest Milestone | Bravo
    • The Secret to Staying Strong as You Age May be This Type of Workout
    Facebook X (Twitter) Instagram YouTube TikTok
    Trending
    • Essential Guide to Crafting a Successful Daycare Business Plan
    • Mini Motorways is getting a creative mode
    • DappRadar: DeFi and NFT Upticks in May Could Mark Start of Recovery
    • Teddi Mellencamp & Edwin Arroyave Reunite for Their Daughter’s Latest Milestone | Bravo
    • The Secret to Staying Strong as You Age May be This Type of Workout
    • XRP Price Risks Plummeting Below $2 As Sellers Take Control
    • Diane von Furstenberg Fall 2025 Ready-to-Wear Collection
    • Why is My Lawn Mower Smoking? 
    Global News HQ
    • Technology & Gadgets
    • Travel & Tourism (Luxury)
    • Health & Wellness (Specialized)
    • Home Improvement & Remodeling
    • Luxury Goods & Services
    • Home
    • Finance & Investment
    • Insurance
    • Legal
    • Real Estate
    • More
      • Cryptocurrency & Blockchain
      • E-commerce & Retail
      • Business & Entrepreneurship
      • Automotive (Car Deals & Maintenance)
    Global News HQ
    Home - Cryptocurrency & Blockchain - Ripple’s flagship stablecoin approved for use in Dubai’s key financial center
    Cryptocurrency & Blockchain

    Ripple’s flagship stablecoin approved for use in Dubai’s key financial center

    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Ripple’s flagship stablecoin approved for use in Dubai’s key financial center
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Key Takeaways

    • Ripple’s RLUSD stablecoin was approved by the DFSA for use in the DIFC.
    • Stablecoin adoption in the UAE is rapidly increasing, with strong interest from businesses for cross-border payments and digital asset solutions.

    Share this article







    The Dubai Financial Services Authority, which oversees financial services within the Dubai International Financial Centre (DIFC), has officially accepted Ripple USD (RLUSD), Ripple’s flagship stablecoin, for use within the global financial hub.

    With this recognition, RLUSD joins a select group of stablecoins that got regulatory legitimacy in both New York, under the New York Department of Financial Services (NYDFS) charter, and Dubai, the company said in a Tuesday announcement.

    The approval enables Ripple to integrate RLUSD into its DFSA-licensed payments solution. In March, the company obtained permission from the DFSA to offer its crypto payments and services in Dubai’s financial hub — its first license in the Middle East.

    Ripple’s approval in March opened the door to the UAE’s $40 billion cross-border payments market — a key opportunity to expand its footprint across the Middle East, Africa, and South Asia.

    In addition, the latest green light from the DFSA enables nearly 7,000 DFSA-licensed firms operating in the DIFC to integrate RLUSD into their virtual asset services.

    Jack McDonald, Senior Vice President of Stablecoins at Ripple, said in a statement that RLUSD is a trusted and compliant stablecoin built for global business, and the DFSA’s approval validates that vision.

    “With regulation-first design and enterprise-grade features, RLUSD is uniquely positioned to drive institutional use of blockchain technology across global markets, starting with cross-border payments,” McDonald said.

    Launched in late 2024, RLUSD has exceeded $310 million in market valuation, according to CoinGecko data.

    The announcement comes as stablecoin adoption in the UAE has shown strong growth, with a 55% year-on-year increase in transactions during 2024. The region’s international trade market exceeds $400 billion.

    “The UAE continues to set a global benchmark for forward-thinking digital asset regulation and innovation,” said Reece Merrick, Managing Director Middle East and Africa at Ripple. “The DFSA’s approval of RLUSD is yet another step forward for Ripple’s operations in the region, and we’re seeing huge interest from businesses of all sizes for cross-border payments and digital asset custody solutions.”

    Ripple recently announced its first UAE customers for regulated blockchain-enabled payments, Zand Bank and Mamo. The company is also collaborating with Ctrl Alt on the Dubai Land Department’s Real Estate Tokenization Project, which will tokenize real estate title deeds on the XRP Ledger.

    Share this article









    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleThis Completely Off-Grid Home Sits on 500 Vineyard Acres in Paso Robles Wine Country
    Next Article Five ‘Big Beautiful Bill’ Tax Changes to Watch in the Senate

    Related Posts

    DappRadar: DeFi and NFT Upticks in May Could Mark Start of Recovery

    June 8, 2025

    XRP Price Risks Plummeting Below $2 As Sellers Take Control

    June 8, 2025

    Spot Ether ETFs 15-day inflow streak accumulates $837.5M inflows

    June 7, 2025

    Song A Day creator recounts ‘tax nightmare’ after making millions from NFT sale

    June 7, 2025
    Leave A Reply Cancel Reply

    ads
    Don't Miss
    Business & Entrepreneurship
    10 Mins Read

    Essential Guide to Crafting a Successful Daycare Business Plan

    Key TakeawaysA solid daycare business plan is essential for outlining goals, guiding operations, and securing…

    Mini Motorways is getting a creative mode

    June 8, 2025

    DappRadar: DeFi and NFT Upticks in May Could Mark Start of Recovery

    June 8, 2025

    Teddi Mellencamp & Edwin Arroyave Reunite for Their Daughter’s Latest Milestone | Bravo

    June 8, 2025
    Top
    Business & Entrepreneurship
    10 Mins Read

    Essential Guide to Crafting a Successful Daycare Business Plan

    Key TakeawaysA solid daycare business plan is essential for outlining goals, guiding operations, and securing…

    Mini Motorways is getting a creative mode

    June 8, 2025

    DappRadar: DeFi and NFT Upticks in May Could Mark Start of Recovery

    June 8, 2025
    Our Picks
    Business & Entrepreneurship
    10 Mins Read

    Essential Guide to Crafting a Successful Daycare Business Plan

    Key TakeawaysA solid daycare business plan is essential for outlining goals, guiding operations, and securing…

    Technology & Gadgets
    1 Min Read

    Mini Motorways is getting a creative mode

    During a showcase at Summer Games Fest, developer Dinosaur Polo Club announced that it will…

    Pages
    • About Us
    • Contact Us
    • Disclaimer
    • Homepage
    • Privacy Policy
    Facebook X (Twitter) Instagram YouTube TikTok
    • Home
    © 2025 Global News HQ .

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version