BitcoinSistemi 2025-06-03 14:47:08

Ripple (XRP) Makes the Big Announcement: The Long-Awaited Approval from Dubai Has Arrived!

US technology company Ripple announced that its stablecoin RLUSD has been approved as a cryptocurrency by the Dubai Financial Services Authority (DFSA). This approval strengthens RLUSD’s position as a trusted, institutional-grade stablecoin built on regulatory compliance, utility, and transparency. Additionally, with DFSA approval, RLUSD has joined the list of cryptocurrencies that can be legally used within the Dubai International Financial Centre (DIFC). The DFSA’s approval allows DFSA-licensed firms in the DIFC to include RLUSD in their virtual asset services. Related News: After Ripple (XRP), Dubai Also Partnered With This Giant Altcoin! At this point, DIFC companies can now use the RLUSD stablecoin for various virtual asset services such as payments, treasury management, etc. DIFC is a free economic zone and financial district serving companies in the Middle East, Africa and South Asia, with around 7,000 registered businesses by the end of 2024. Jack McDonald, Ripple Senior Vice President of Stablecoins, said: “DFSA’s approval of RLUSD is proof of our commitment to building a stablecoin that meets the highest standards of trust, transparency and utility. “With its regulation-first design and enterprise-grade features, RLUSD is uniquely positioned to drive the institutional use of blockchain technology in global markets, starting with cross-border payments.” Ripple lastly drew attention to the cryptocurrency development in the region and said that it will continue to increase its activities in the region. Ripple USD is now a recognized crypto token under the DFSA’s regime in Dubai. RLUSD is: Enterprise-grade Compliant Built for real utility Another milestone as we expand our footprint in the DIFC and across the UAE. https://t.co/uvNcpRZDRG — Ripple (@Ripple) June 3, 2025 *This is not investment advice. Continue Reading: Ripple (XRP) Makes the Big Announcement: The Long-Awaited Approval from Dubai Has Arrived!