Ripple-StableCoin RLUSD officially recognized by DFSA
The Dubai Financial Services Authority (DFSA) has emitted by Ripple Stablecoin RLUSD officially approved as “Recogized Crypto token”. The decision allows the use of the digital dollar within the Dubai International Financial Center (DIFC) and marks another step in Dubai's strategy of becoming a global hub for digital assets.
The approval was through a formal Notification on the DFSA website confirmed. There it says:
“In accordance with Gen Rule 3a.3.4 of the DFSA Rulebook, Ripple (RLUSD) was recognized as a recogified crypto token. This recognition comes into force with the date of the announcement and applies until further notice.”
The RLUSD is one of the few stable coins worldwide that are regulated by both DFSA and under a Trust Company Charter of New York's Financial Supervision (NYDFS). Ripple emphasizes that the token is covered 1: 1 by high-quality, liquid USD assets, has strict reserve management and is regularly checked independently.
According to Jack McDonald, Senior Vice President of StableCoins at Ripple, DFSA approval is proof of Ripple's regulatory strategy:
“With regulatory-oriented design and functions at the company level, RLUSD is uniquely positioned to advance the institutional use of blockchain technology worldwide.”
Ripple plans according to a messageTo integrate rlusd into its DFSA-licensed payment platform. The aim is to connect the advantages of a stable digital dollar to a scalable blockchain framework. In the area of cross -border payments in particular, speed, costs and efficiency should be improved.
Other service providers approved in the DIFC can also integrate Rlusd into their products from now on. With around 7,000 active companies at the location, the potential for the integration of regulatory stable coins increases significantly.
The step takes place against the background of a rapidly growing stable coin market in the United Arab Emirates: in 2024, according to market data, transactions rose by 55 % compared to the previous year. In view of an international trade volume of over $ 400 billion and an innovation-friendly regulatory environment, the region is establishing itself as one of the world's leading locations for digital financial technologies.
Reece Merrick, Managing Director Middle East and Africa (MEA) at Ripple, commented:
“The admission of RLUSD is another milestone for our activities in the region. The interest in cross -border payment solutions and the custody of digital assets is enormous.”
Ripple recently won Zand Bank and Mamo as the first customer for his regulated blockchain payment offer in the VAE. At the same time, the company is working with CTRL Alt on a Dubai Land Department project, in which property ownership is to be token on the XRP blockchain.
With the recognition of RLUSD by DFSA, Ripple once again underlines his focus on regulatory conformity and institutional applications. At the same time, Dubai sends a clear signal to the market: the path to a global center for digital assets leads over clear rules and partnership -based cooperation with industry.
