Ripple’s Stablecoin (RLUSD) Approved by Dubai FSA

Dubai Financial Services Authority (DFSA) has approved Ripple’s stablecoin, RLUSD, as a recognised crypto token for use within the Dubai International Financial Centre (DIFC).

Ripple’s Stablecoin (RLUSD) Makes its Way to Dubai!

Amazing news; RLUSD has been approved by the DFSA, meaning full integration into Ripple Payments in the @DIFC .

There is so much momentum for @Ripple in the UAE in recent weeks.

We’re so excited to keep building here https://t.co/vtcqDJFvJV

— Reece Merrick (@reece_merrick) June 3, 2025

RLUSD is created for enterprise-level applications, particularly for improving the speed, cost, and efficiency of cross-border payments. With this approval in place, Ripple can now integrate RLUSD into its DFSA-licensed payment services, combining the stability of a digital dollar with blockchain infrastructure and a wide-reaching global payout network.

DFSA’s decision will also allow other licensed firms in the DIFC to incorporate RLUSD into their virtual asset offerings. The official statement read, “With almost 7,000 firms active at the end of 2024, this further supports the integration of high-quality stablecoins into Dubai’s burgeoning digital assets and fintech ecosystem.”

Speaking of the stablecoin utility in UAE, the region recorded a 55% year-over-year jump in stablecoin transactions in 2024. With over $400 billion in international trade volume and one of the world’s most progressive crypto regulations, the UAE is fast becoming a global hub for stablecoin innovation.

Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, emphasized the region’s leadership. “The UAE continues to set a global benchmark for forward-thinking digital asset regulation and innovation,” he said. “The DFSA’s approval of RLUSD is yet another step forward for Ripple’s operations in the region.”

When it comes to Ripple’s business feats, Ripple’s offerings in cross-border payments and digital asset custody have gone up. The company is also actively expanding its network of partnerships in the region.

RLUSD’s approval builds on Ripple’s growing momentum in the UAE. Recently, Zand Bank and Mamo became the first customers to adopt Ripple’s regulated blockchain-based payment solution. Ripple has also joined forces with Ctrl Alt to support the Dubai Land Department’s Real Estate Tokenization Project, which will see title deeds issued as tokens on the XRP Ledger.

The DFSA’s recognition reinforces RLUSD’s standing as a fully compliant, enterprise-grade stablecoin. It is one of the few stablecoins globally issued under both the DFSA’s crypto token regime and the New York Department of Financial Services (NYDFS) Trust Company Charter.

In terms of value, Ripple’s XRP is currently trading at $2.18 after a surge of 0.46% in the past day. The market cap of XRP also successfully stands at $128.58 billion, pushed by 24 hour volume trade which grew by over 11% to $2.19 billion.