Ripple’s RLUSD stablecoin has received the green light from the Dubai Financial Services Authority (DFSA), paving the way for its use in the Dubai International Financial Centre (DIFC).
The approval means companies operating within the DIFC can now integrate RLUSD into a wide range of virtual asset services, from payments to treasury operations.
The DIFC—an autonomous financial hub serving the Middle East, Africa, and South Asia—hosts nearly 7,000 companies. Under its regulatory framework, only DFSA-approved digital assets can be used in official activities, making RLUSD one of the select few stablecoins authorized in this key jurisdiction.
Ripple highlighted growing interest from UAE-based firms in crypto adoption. Reece Merrick, the company’s regional managing director, noted that the region’s fast-evolving digital economy is creating demand for cross-border payment and digital asset solutions.
Ripple is already collaborating with UAE-based fintechs like Zand and Mamo, who are expected to be among the first to utilize the RLUSD stablecoin.
The stablecoin will also play a role in Dubai’s broader blockchain ambitions. Specifically, RLUSD is set to support the Dubai Land Department’s initiative to tokenize real estate title deeds on the XRP Ledger. The DLD announced earlier this year that it had entered the pilot phase of this tokenization project, which will digitize and record property ownership using blockchain technology.
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