Ripple’s RLUSD Stablecoin Approved in Dubai
Ripple’s U.S. dollar-backed stablecoin RLUSD has received regulatory approval from the Dubai Financial Services Authority (DFSA) for use within the Dubai International Financial Centre (DIFC), marking a key milestone for the firm’s global expansion efforts.
The green light makes RLUSD one of the few stablecoins approved under both the DFSA’s crypto token regime and the New York Department of Financial Services (NYDFS) Trust Company Charter.
🇦🇪🚨 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
Designed for institutional-grade utility, RLUSD is fully backed 1:1 by high-quality liquid U.S. dollar assets, with strict reserve management, asset segregation, independent audits, and clear redemption frameworks in place. The DFSA’s approval opens the door for Ripple to integrate RLUSD into its DFSA-licensed payments infrastructure, which leverages blockchain to streamline cross-border transactions for enterprise clients.
“RLUSD was built from day one with compliance, trust, and utility in mind,”
said Jack McDonald, SVP of Stablecoins at Ripple.
“This approval reflects our regulation-first approach and positions RLUSD to accelerate enterprise adoption of blockchain-powered finance.”
Ripple plans to use RLUSD within its flagship payments network to boost the efficiency, speed, and affordability of international money transfers. Unlike retail-focused stablecoins, RLUSD is tailored for large-scale enterprise use, with cross-border settlement as a primary focus. The approval also permits other DFSA-licensed entities within the DIFC to incorporate RLUSD into their virtual asset offerings, expanding the token’s footprint within one of the Middle East’s most dynamic financial zones.
Ripple’s Middle East and Africa Managing Director, Reece Merrick, highlighted the country’s proactive approach to regulation.
“The UAE continues to lead in crafting digital asset frameworks that enable innovation. We’re seeing enormous demand for institutional crypto solutions, and RLUSD is set to play a key role in that transformation.”
The DFSA approval builds on Ripple’s growing presence in the region. The company recently onboarded UAE-based Zand Bank and fintech firm Mamo as its first regional customers to adopt RLUSD for regulated payments. Ripple is also collaborating with Ctrl Alt to support the Dubai Land Department’s Real Estate Tokenization Project, which aims to tokenize property title deeds on the XRP Ledger.
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