Crypto Trends

Ripple Stablecoin (RLUSD) Approved in Dubai

Ripple’s RLUSD stablecoin has been approved in Dubai after receiving regulatory approval from the Dubai Financial Services Authority (DFSA). As a result, it is now legally allowed and permitted for use within the Dubai International Financial Centre (DIFC), which is a special economic zone.

More importantly, the 7,000 companies operating within the DIFC can utilize the Ripple stablecoin for enterprise-grade financial transactions. Besides, it is now regulated in both Dubai and New York.

RLUSD stablecoin was launched in December 2024 and is designed for intentional usage, focusing on cross-border payments.  Dubai approval signals its stronghold on global compliance and practical use. It is already gaining traction in the world market, gaining four crypto exchange listings already.

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Pooja Khardia

With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.

As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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