Ripple USD Gets Dubai Approval. How Will It Tap Into $400B Trade Market?

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DailyCoin2025/06/03 13:33

By:DailyCoin

Ripple USD (RLUSD), Ripple’s U.S. dollar-backed stablecoin built on the XRP Ledger , has received official regulatory approval from the Dubai Financial Services Authority (DFSA). This milestone marks a significant step in Ripple’s strategy to integrate blockchain technology into real-world finance and expand its presence in the Middle East.

🇦🇪🚨 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

Ripple USD Designed for Enterprise Use and Regulatory Compliance

With this approval , Ripple can now integrate Ripple USD (RLUSD) into its flagship payments platform licensed by the DFSA. The move also allows RLUSD to operate within the Dubai International Financial Centre (DIFC), a major financial hub known for its stringent crypto regulations.

Dubai Pilots Blockchain Real Estate Using Ripple USD

Ripple USD is also expected to play a key role in Dubai’s initiative to digitize real estate title deeds via blockchain.

On March 19, the Dubai Land Department (DLD) launched a pilot project to begin tokenizing property ownership on the XRP Ledger, highlighting Ripple’s expanding role in real estate innovation.

UAE’s Growing Stablecoin Market

Stablecoin adoption in the UAE is accelerating rapidly. Market data reveals a 55% year-over-year increase in stablecoin transactions across the region in 2024.

With over $400 billion in international trade and one of the world’s most progressive digital asset regulatory frameworks, the UAE is positioned to become a global hub for stablecoin innovation and business growth.

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FAQs

How much is Ripple USD stablecoin?

Ripple USD (RLUSD) is maintaining its peg close to the U.S. dollar as expected for a stablecoin.

Is RLUSD the same as XRP?

No, RLUSD (Ripple USD) is not the same as XRP, they are two different digital assets created by Ripple Labs, serving different purposes: Ripple USD (RLUSD) is a stablecoin built for predictable value. XRP is a volatile crypto used for liquidity and blockchain operations.

Did RLUSD get approved?

RLUSD is one of the few stablecoins globally to be issued under a New York Department of Financial Services (NYDFS) Trust Company Charter.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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