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Dubai Regulator Approves Ripple’s RLUSD Stablecoin for Use in DIFC

  • Dubai's regulator, DFSA, has approved Ripple's RLUSD stablecoin for use in the Dubai International Financial Centre (DIFC), allowing DIFC-registered firms to utilize RLUSD for various virtual asset services.
  • The approval grants RLUSD access to the DIFC's regulated crypto ecosystem, enabling its use in payments, treasury operations, and other virtual asset services, solidifying Dubai's position as a leading jurisdiction for crypto innovation.
  • The DIFC, a prominent financial free zone in the Middle East with nearly 7,000 registered companies, acts as a vital financial bridge across the Middle East, Africa, and South Asia (MEASA) region.
  • The DFSA's strict token framework allows only recognized tokens to operate in the DIFC, ensuring compliance and oversight for all virtual asset activity. RLUSD now joins the list of approved digital assets, expanding Ripple's presence in the region.

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