Ripple’s USD-backed stablecoin, RLUSD, has received official recognition as a legitimate crypto token by the Dubai Financial Services Authority (DFSA), according to a press release on Zawya. This green light allows RLUSD to be used as a payment tool within the Dubai International Financial Centre (DIFC)—a regulated economic zone known for attracting global financial institutions under its independent legal framework.
With this approval, Ripple can now fully integrate RLUSD into its DFSA-licensed payment solutions. This aligns with Dubai’s ongoing strategy to position itself as a global hub for digital assets, while simultaneously reinforcing the emirate’s commitment to regulatory clarity and innovation in the crypto sector.
A Regulation-First Stablecoin Targeting Institutional Confidence
Launched on December 17, 2024, RLUSD has carved a unique position in the stablecoin market due to its regulation-first design and 1:1 US dollar backing. In less than six months, RLUSD has surpassed a $300 million market cap and has been listed on major exchanges such as Gemini, Kraken, Bitstamp, and Bitget.
Ripple’s partnerships with fintech firms like Revolut and financial infrastructure providers like Zero Hash underscore its ambitions to challenge dominant players such as USDT and USDC. With over 2,800 holders and 92% of the tokens concentrated in whale wallets, RLUSD appears to be particularly attractive to institutional investors and crypto power users.
Also Read: Ripple Stablecoin RLUSD Expands in DeFi
DFSA’s Move Could Inspire Global Regulatory Trends
The DFSA’s decision to recognize RLUSD could serve as a blueprint for other regulatory jurisdictions seeking to balance innovation with compliance. As Dubai sets the pace in embracing digital assets through structured oversight, Ripple’s compliance-driven approach might help pave the way for wider global adoption of stablecoins.
With Ripple’s presence now officially sanctioned in one of the world’s most forward-thinking financial hubs, RLUSD may gain a stronger foothold in enterprise-level transactions—strengthening its position in the ever-competitive stablecoin market.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
