Ripple’s RLUSD stablecoin approved by Dubai regulator for use in DIFC
The Dubai Financial Services Authority (DFSA) has approved Ripple’s RLUSD stablecoin as a recognized token under its crypto regime. Companies in the Dubai International Financial Centre (DIFC) can now utilize RLUSD for various virtual asset services, including payments and treasury management. The DIFC, a free economic zone, hosts nearly 7,000 registered businesses. Ripple reports growing interest from UAE businesses in crypto solutions, particularly for cross-border payments and digital asset custody. Ripple collaborates with local partners like digital bank Zand and fintech platform Mamo. RLUSD will also support the Dubai Land Department’s real estate tokenization initiative, which aims to record title deeds on the XRP Ledger. The DFSA has previously recognized Circle-issued stablecoins USDC and EURC for use in the DIFC.
