Ripple’s RLUSD stablecoin has just settled in the International Financial Centre of Abu Dhabi. According to the latest legal records, Abu Dhabi’s Financial Services Regulatory Authority (FSRA) added Ripple’s RLUSD stablecoin to the Accepted Fiat-Referenced Token list, paving the way for unprecedented federal-grade adoption.
Differently from other popular counterparts like Circle USD (USDC) or Tether USD (USDT), Ripple’s RLUSD stablecoin is geared towards institutions. A compliance-first approach has brought the San Francisco-based tech giant’s stablecoin to a $1.2 billion market cap just two months since inception.
Ripple’s Stablecoin Covers All Bases In UAE
“The UAE continues to set a global benchmark for digital asset regulation and innovation,” – mentioned Reece Merrick, the Managing Director, Middle East and Africa at Ripple. RLUSD’s stringent safeguards are powered by 1:1 backing and extensive on-demand liquidity, making sure the upcoming RLUSD stablecoin stays dynamic & ahead of the curve.
The United Arab Emirates (UAE) is most definitely among the quickest-growing adopters of licensed stablecoins. Just last year, the stablecoin usage around the area soared by 55%. Last Summer, Ripple gained the first RLUSD license in UAE from the Dubai Financial Services Authority, making RLUSD available in both Dubai & Abu Dhabi’s Global Financial Centres.
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Ripple announced that their USD stablecoin, RLUSD, snagged a greenlight from Abu Dhabi’s Financial Services Regulatory Authority (FSRA).
This means RLUSD is now officially approved for use as collateral on exchanges, in lending protocols & across prime brokerage setups inside the Abu Dhabi Global Market (ADGM).
It’s live now—no waiting game. Institutions in ADGM can start deploying RLUSD for real trades, settlements, and collateral right away. This builds on RLUSD’s earlier nods from places like Singapore and the US.
RLUSD is Ripple’s fully compliant USD-pegged stablecoin, backed 1:1 by cash and equivalents, with full reserves audited monthly. It’s designed for cross-border payments and now DeFi/institutional finance, settling on the XRP Ledger or Ethereum.
ADGM is a regulatory oasis in the Middle East, drawing billions in institutional cash with English common law vibes, as well as zero capital gains tax for most.
