Dubai Advances Crypto Adoption With Ripple Stablecoin Approval

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Dubai’s financial regulator has expanded its approved digital assets list to include Ripple’s RLUSD stablecoin, marking another milestone in the emirate’s progressive crypto framework.

The DFSA’s decision allows businesses within the DIFC’s jurisdiction – spanning 7,000 registered entities – to legally utilize RLUSD for various virtual asset services.

This endorsement under the DIFC’s selective crypto policy enables institutional adoption of RLUSD for compliant financial applications. Ripple’s Middle East leadership reports surging institutional demand, particularly for blockchain-powered cross-border transactions in the rapidly digitizing UAE economy.

“Regulatory clarity is driving unprecedented interest in digital asset solutions from regional enterprises,” commented Ripple’s Reece Merrick.

The approval strengthens Dubai’s position as a crypto-friendly hub while providing businesses access to regulated stablecoin alternatives in the MEASA markets.