Dubai has officially approved the use of RLUSD, a stablecoin issued by Ripple, allowing it to be legally utilized within the Dubai International Financial Centre (DIFC) – a special economic zone home to thousands of businesses.
After receiving regulatory approval from the Dubai Financial Services Authority (DFSA), RLUSD is now authorized for use within the DIFC. This means that over 7,000 companies operating in the zone can now integrate RLUSD into their enterprise-level financial transactions.
Notably, RLUSD is now regulated in both Dubai and New York – two of the world’s most prominent financial hubs. The stablecoin was launched by Ripple in December 2024 with a clear mission: to serve as a cross-border payment solution that complies with global regulations. In a short period, RLUSD has already been listed on four major cryptocurrency exchanges, further cementing its growing international presence.
RLUSD: A Strategic Move by Ripple
Previously, RLUSD received regulatory approval from the New York State Department of Financial Services (NYDFS), marking a significant milestone in its rollout. Following this approval, Ripple initially launched RLUSD on the XRP Ledger (XRPL) and Ethereum blockchain, with plans to expand into other DeFi protocols in the future.
For crypto investors and traders, understanding RLUSD’s features – from its technical structure to its connection with Ripple’s native token, XRP – is crucial for making informed decisions in today’s complex and competitive crypto market.
