In a major regulatory win for Ripple, the Dubai Financial Services Authority (DFSA) has officially approved the use of RLUSD, Ripple’s U.S. dollar-backed stablecoin, within the Dubai International Financial Centre (DIFC).
The approval allows DIFC-registered firms to legally utilize RLUSD for a range of virtual asset services.
RLUSD Gains Access to Middle East Financial Hub
With DFSA’s approval, RLUSD can now be used across the DIFC’s regulated crypto ecosystem, including in payments, treasury operations, and other virtual asset services. The move further solidifies Dubai’s position as a leading jurisdiction for crypto innovation and regulatory clarity.
The DIFC, one of the Middle East’s premier financial free zones, had nearly 7,000 registered companies by the end of 2024 and serves as a key financial bridge across the Middle East, Africa, and South Asia (MEASA) region.
Strict Token Framework
The DFSA’s framework permits only recognized tokens to operate within its jurisdiction, ensuring compliance and oversight for all virtual asset activity in the DIFC. RLUSD now joins a select list of approved digital assets, expanding Ripple’s reach in the region.
Ripple Sees Strong Demand in UAE
Ripple’s Middle East and Africa Managing Director, Reece Merrick, noted the growing appetite among UAE firms for crypto solutions.
“The UAE’s digital economy is vibrant and incredibly dynamic,” Merrick said, highlighting the increasing interest from local businesses in blockchain-based tools for finance and cross-border operations.
Strategic Implications
The DFSA’s endorsement of RLUSD not only bolsters Ripple’s presence in the UAE but also paves the way for greater stablecoin adoption across the region, especially in regulated environments. The move reflects Dubai’s continued ambition to lead in digital finance through progressive regulation and global partnerships.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/dubai-regulator-approves-ripples-rlusd-stablecoin-for-use-in-difc/