Ripple's US dollar stablecoin, RLUSD, is now officially recognized under the crypto token regime of the Dubai Financial Services Authority (DFSA). The token is described by Ripple as compliant and designed for enterprise use and real-world utility.

DFSA Approves RLUSD After XRP

This move expands Ripple’s presence in the Dubai International Financial Centre (DIFC) and adds to the company's activities in the wider UAE market. The recognition of RLUSD comes shortly after the DFSA approved Ripple’s digital asset, XRP, for use within the DIFC.

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With this approval, XRP became the first virtual asset to be accepted under the DFSA’s virtual assets regime. Licensed firms operating within the DIFC can now integrate XRP into their products and services.

From Global Deals to Trump Meeting, Ripple Stays in Spotlight

Ripple has been involved in several recent developments. Michael Saylor, Executive Chairman of Strategy, mentioned XRP alongside Bitcoin, Ethereum, Solana, and Cardano in a discussion about including cryptocurrencies in US strategic reserves. He also suggested that XRP should be regulated.

On January 6, Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty met with President Donald Trump. This meeting has led to renewed attention on the SEC’s ongoing case from 2020, which questions whether XRP is an unregistered security.

Ripple has expanded its partnerships, including with Revolut and Zero Hash, as it seeks to compete with major stablecoins like USDT and USDC. In Portugal, the company has joined with Unicâmbio to offer instant payments to Brazil using digital assets.

In South Korea, BDACS plans to use Ripple Custody to store XRP and RLUSD. Ripple also donated $100,000 worth of XRP to support wildfire relief in California. The company expects Japanese banks to adopt the XRP Ledger for cross-border payments by 2025.

In decentralized finance, Ripple is working with Chainlink to bring RLUSD to Ethereum-based platforms. Investor interest in XRP remains, with large holders buying 520 million tokens during a recent price drop.

Source: Finance Magnates