- RLUSD is now authorized for use in Dubai’s DIFC, expanding its role in regulated enterprise financial services.
- The token is one of the few stablecoins fully licensed under both New York and Dubai regulatory frameworks.
- UAE stablecoin use surged 55% in 2024, reflecting demand for secure digital currency in regional transactions.
Ripple’s US dollar-backed stablecoin, RLUSD, has officially been recognized as a crypto token in Dubai. The approval comes from the Dubai Financial Services Authority, allowing RLUSD to be used within the Dubai International Financial Centre. This move places Ripple’s token among the few stablecoins with clear regulatory status in both Dubai and New York.
With this recognition, over 7,000 companies operating in the DIFC can now use RLUSD for enterprise-grade financial operations. The zone is a key economic hub, and the decision reflects Dubai’s increasing interest in digital assets for regulated business transactions.
USD is the backing for Ripple’s Stablecoin and transparency is assured.
RLUSD launched in December 2024 and its value is always the same as the US dollar or the equivalent amount of cash reserves. YouExchange tokens are issued by New York Department of Financial Services Trust Company Charter. Security First makes sure its crypto system is clear, everything is recoverable and the law is followed everywhere it operates.
Ripple is focused on transforming cross-border transactions through RLUSD. Dubai’s recognition supports broader regional use cases. The United Arab Emirates saw a 55 percent rise in stablecoin transactions in 2024 compared to the previous year. This highlights the increasing demand for regulated stablecoins in the region.
Partnerships Boost Utility and Listings Expand Reach
Ripple’s stablecoin is part of several partnerships in the UAE. It supports the Dubai Land Department’s real estate tokenization project in collaboration with Ctrl Alt, using the XRP Ledger. The token was recently listed on Bitget, following earlier listings on Kraken, Gemini, and LMAX Digital.
The recent approval confirms Ripple’s strategy to align with strict regulatory standards. By operating under both Dubai and New York frameworks, RLUSD has become a model for stablecoin governance. Ripple’s CEO sees the token as a preferred choice for enterprise payments and settlements.
