Ripple’s US dollar stablecoin, RLUSD, is now officially
recognized under the crypto token regime of the Dubai Financial Services
Authority (DFSA). The token is described by Ripple as compliant and designed
for enterprise use and real-world utility.
DFSA Approves RLUSD After XRP
This move expands Ripple’s presence in the Dubai
International Financial Centre (DIFC) and adds to the company’s activities in
the wider UAE market. The recognition of RLUSD comes shortly after the DFSA
approved Ripple’s digital asset, XRP, for use within the DIFC.
🇦🇪🚨 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
You may find it interesting at FinanceMagnates.com: SEC
Begins Review of First Spot XRP ETF Bid with WisdomTree Proposal.
With this approval, XRP
became the first virtual asset to be accepted under the DFSA’s virtual
assets regime. Licensed firms operating within the DIFC can now integrate XRP
into their products and services.
From Global Deals to Trump Meeting, Ripple Stays in
Spotlight
Ripple has been involved in several recent developments.
Michael Saylor, Executive Chairman of Strategy, mentioned XRP
alongside Bitcoin, Ethereum, Solana, and Cardano in a discussion about
including cryptocurrencies in US strategic reserves. He also suggested that XRP
should be regulated.
Great dinner last night with @realDonaldTrump & @s_alderoty. Strong start to 2025! pic.twitter.com/UjM6lahUG4
— Brad Garlinghouse (@bgarlinghouse) January 8, 2025
On January 6, Ripple CEO Brad Garlinghouse and Chief Legal
Officer Stuart Alderoty met
with President Donald Trump. This meeting has led to renewed attention on
the SEC’s ongoing case from 2020, which questions whether XRP is an
unregistered security.
Ripple has expanded its partnerships, including with Revolut
and Zero Hash, as it seeks to compete with major stablecoins like USDT and
USDC. In Portugal, the company has joined with Unicâmbio to offer instant
payments to Brazil using digital assets.
In South Korea, BDACS
plans to use Ripple Custody to store XRP and RLUSD. Ripple also donated
$100,000 worth of XRP to support wildfire relief in California. The company
expects Japanese banks to adopt the XRP Ledger for cross-border payments by
2025.
🔥 $XRP News: Ripple Whales Buy 520M $XRP Amid Recent Dip, What’s Next❓👀https://t.co/5H2QvrqWe2
— Crypto News (CoinGape) (@CoinGapeMedia) February 7, 2025
In decentralized finance, Ripple is working with Chainlink
to bring RLUSD to Ethereum-based platforms. Investor interest in XRP remains,
with large
holders buying 520 million tokens during a recent price drop.
This article was written by Tareq Sikder at www.financemagnates.com.
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