Dubai just gave Ripple’s new stablecoin a big win. The city’s financial regulator, the Dubai Financial Services Authority (DFSA), has approved RLUSD as a recognised crypto token for use inside the Dubai International Financial Centre (DIFC) — a move that will help Dubai’s push to position itself as a global hotspot for digital finance.
While regulators in the US and Europe are still tightening their grip on crypto, the UAE is moving in the opposite direction — welcoming new players and clearing a path for blockchain-powered financial services. Ripple’s RLUSD is the latest to benefit from this approach.
“This isn’t just about another stablecoin getting approved. It’s a sign of where the market’s heading — and Dubai wants to be at the centre of it. We built RLUSD for transparency and reliability, and this is an important step for our expansion in the region,” said Jack McDonald, Ripple’s Senior Vice President of Stablecoins.
Stablecoin use in the UAE has jumped 55% over the past year, as businesses look for faster, cheaper ways to move money. With over 7,000 firms now active in the DIFC, Ripple’s approval opens new doors for both local and international financial services.
XRP price has gained 2% in the last 24 hours and is trading at $2.20 at the time of writing. After hitting levels below $2.15, the token is showing some bullish strength. XRP should first reclaim the $2.23 mark to confirm a bullish reversal. Furthermore, catalysts like the recent RLUSD approval are expected to push the prices higher.
However, XRP has been trading between $2 and $2.50 in the last two months. It remains to be seen if June will bring back the bullish rally.
RLUSD is Ripple’s U.S. dollar-pegged stablecoin designed for transparent and reliable cross-border payments.
The approval allows Ripple to integrate RLUSD into its licensed payment platform, expanding services in the Middle East.
Following the approval, XRP’s price increased by 2%, indicating positive market sentiment.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Entrepreneur and investor Patrick Bet-David said he recently purchased additional XRP and Bitcoin during the…
The broader crypto market is going through a cooling phase as many top cryptos struggle…
The crypto market in 2026 is no longer the wild frontier it once was. The…
XRP price currently stands at $2.99, with a market capitalization of $179.79 billion. Analysts and…
Story Highlights Bitcoin is currently trading at: Predictions suggest BTC to hit $150K to $250K…
Story Highlights The live price of the Cardano token is . Price prediction suggests potential…
