Ripple’s stablecoin RLUSD has been officially recognized as a compliant crypto token by the Dubai Financial Services Authority (DFSA) for use within the Dubai International Financial Centre (DIFC)
Ripple’s stablecoin RLUSD has been officially recognized as a compliant crypto token by the Dubai Financial Services Authority (DFSA) for use within the Dubai International Financial Centre (DIFC). This approval marks a key milestone for Ripple as it expands its presence in Dubai and the broader UAE market. RLUSD is described as an enterprise-grade stablecoin built for real utility.
The DIFC is a major financial hub hosting over 7,000 global firms, and the DFSA’s recognition of RLUSD underscores Dubai’s growing role as a hotspot for cryptocurrency and blockchain innovation. Additionally, the UAE has recently issued its first-ever virtual asset license to Emirates Coin Investment (EmCoin), signaling increased regulatory support for digital assets in the region.
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