Michaela
Ripple Labs’ U.S. dollar-backed stablecoin, RLUSD, has been officially greenlit by Dubai’s top financial regulator for use inside the city’s flagship financial zone. The Dubai Financial Services Authority (DFSA) approved RLUSD as a recognized crypto token within the Dubai International Financial Centre (DIFC), marking a major regulatory win for Ripple’s growing global footprint.
In an official statement, Ripple said the DFSA’s approval strengthens RLUSD’s reputation as a reliable, enterprise-focused stablecoin designed with transparency, real-world utility, and regulatory compliance at its foundation. The company framed the recognition as a key milestone in its push to offer compliant digital assets for institutional use.
RLUSD is also among a select group of stablecoins globally to be issued under a New York Department of Financial Services (NYDFS) Trust Company Charter. Backed 1:1 with U.S. dollars held in high-quality liquid assets, the stablecoin is built to meet rigorous regulatory standards.
“The DFSA’s approval of RLUSD is proof of our commitment to building a stablecoin that meets the highest standards of trust, transparency, and utility,” said Jack McDonald, Senior Vice President of Stablecoins at Ripple, in the press release. “With regulation-first design and enterprise-grade features, RLUSD is uniquely positioned to drive institutional use of blockchain technology across global markets, starting with cross-border payments,” he added.
The DFSA’s recognition of RLUSD enables Ripple to incorporate the stablecoin into its flagship payments platform licensed by the authority. This integration merges the reliability of a regulated digital dollar with Ripple’s scalable blockchain technology and expansive international payout network.
The UAE is rapidly embracing stablecoins, with adoption gaining significant momentum. “The UAE continues to set a global benchmark for forward-thinking digital asset regulation and innovation,” Managing Director Middle East and Africa (MEA) at Ripple, Reece Merrick, stated.
“The DFSA’s approval of RLUSD is yet another step forward for Ripple’s operations in the region, and we’re seeing huge interest from businesses of all sizes for cross-border payments and digital asset custody solutions. The UAE’s digital economy is vibrant and incredibly dynamic, and we’re looking forward to working with our regional partners, customers and regulators to supercharge that growth,” Merrick added.
As Ripple continues to expand its footprint in key global markets, industry experts are watching closely to see how this approval might influence broader adoption of regulated digital assets in the Middle East and beyond. The move signals growing confidence in blockchain solutions that blend innovation with regulatory oversight, setting a new tone for the future of digital finance.
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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
