Ripple USD Just Got Approved In Dubai—Here’s Why It Matters
BitcoinistTuesday, June 3, 2025 at 11:30:48 PM
Ripple’s stablecoin, RLUSD, just scored a big win in Dubai—it’s been officially approved by the Dubai Financial Services Authority as a "Recognised Crypto Token." This greenlight means RLUSD can now be used freely within the Dubai International Financial Centre, a major hub for global finance. What’s impressive is that this approval came just six months after RLUSD launched under a New York regulatory charter, making it the first fully dollar-backed stablecoin to get this stamp of approval in Dubai.
Editor’s Note: Dubai’s move signals growing institutional acceptance of stablecoins, especially those with strong regulatory backing. For Ripple, it’s a credibility boost and a foothold in a key financial market. For crypto at large, it’s another step toward mainstream adoption—showing that even conservative financial hubs are warming up to digital assets when they’re properly vetted. If you’re watching crypto’s real-world utility, this is a milestone worth noting.
— Curated via WP Now’s
