Ripple's US dollar stablecoin RLUSD is now officially recognized by Dubai Financial Services Authority (DFSA) under the crypto token regime.
RLUSD is compliant, designed for enterprise use, and adds to Ripple's presence in Dubai International Financial Centre (DIFC) and wider UAE market.
XRP was the first virtual asset accepted under DFSA's virtual assets regime, allowing licensed firms in DIFC to integrate XRP into their products and services.
Ripple has been in the spotlight with expanding partnerships, regulatory discussions, and initiatives like using Ripple Custody in South Korea and offering instant payments in Portugal.