RLUSD, initially a stablecoin solution focused on regulatory compliance, is now being integrated into Dubai’s land registry system, marking a shift towards sovereign-grade infrastructure uses.
This integration showcases RLUSD's evolution from a payment tool to a foundational element in digital public services, questioning how stablecoins can operate as essential infrastructure.
Andrei Grachev highlighted the importance of privately issued stablecoins functioning at sovereign-grade infrastructure levels, raising questions on issuer accountability, regulatory divergence, and risks like issuer default.
RLUSD's deployment in state-backed systems like land registries signals a move towards programmable finance in critical public services, emphasizing transparency, compliance, and its potential as a model for other jurisdictions.