Ripple’s US dollar stablecoin, RLUSD, is now officially
recognized under the crypto token regime of the Dubai Financial Services
Authority (DFSA). The token is described by Ripple as compliant and designed
for enterprise use and real-world utility.
DFSA Approves RLUSD After XRP
This move expands Ripple’s presence in the Dubai
International Financial Centre (DIFC) and adds to the company’s activities in
the wider UAE market. The recognition of RLUSD comes shortly after the DFSA
approved Ripple’s digital asset, XRP, for use within the DIFC.
🇦🇪🚨 Ripple USD is now a recognized crypto token under the DFSA’s regime in Dubai. RLUSD is: ✅ Enterprise-grade✅ Compliant✅ Built for real utilityAnother milestone as we expand our footprint in the DIFC and across the UAE. 🔗 https://t.co/uvNcpRZDRG
— Ripple (@Ripple) June 3, 2025
You may find it interesting at FinanceMagnates.com: SEC
Begins Review of First Spot XRP ETF Bid with WisdomTree Proposal.
With this approval, XRP
became the first virtual asset to be accepted under the DFSA’s virtual
assets regime. Licensed firms operating within the DIFC can now integrate XRP
into their products and services.
This article was written by Tareq Sikder at www.financemagnates.com.
