In a world where digital coins are the new gold, Ripple, that slick tech outfit, just pulled off a pretty big stunt. The kind that makes folks sit up and say, “Well, I’ll be.”
Abu Dhabi’s big regulatory bosses, the FSRA, winked at Ripple’s shiny new stablecoin, RLUSD, and said, “Sure, why not?” Now it’s officially a Fiat-Referenced Token in the bustling maze of the Abu Dhabi Global Market. Yep, the bank folks and fintech wizards can now sprinkle some RLUSD magic into their regulated services-like dropping a good punchline at just the right moment.
Ripple’s RLUSD Gets the Nod-No More Fiddling Around
Ripple proudly announced that the FSRA has given its blessing-a green light, a thumbs up, a big ol’ “Go ahead”-for RLUSD to join the financial party in ADGM. That means banks, fintech startups, and payment folks can now use RLUSD for all sorts of serious business, just like the grown-up money they’re used to-if they behave.
This isn’t just a fancy paper chase; ADGM is known for being the strict schoolmaster, the serious teacher who still knows how to have fun. They’ve set the bar high, and RLUSD has cleared it-trust and transparency are now its middle names. It’s like the golden ticket to the VIP lounge of digital assets.
Compliance and trust are non-negotiables for institutional finance.
That’s why $RLUSD has been greenlisted by Abu Dhabi’s FSRA, enabling its use as collateral on exchanges, for lending, and on prime brokerage platforms within @ADGlobalMarket-the international financial centre of…
– Ripple (@Ripple) November 27, 2025
So there you have it-the Middle East now has a Ripple stablecoin that’s as trustworthy as a seasoned camel herder. Freshly issued under a New York DFS trust license and sitting pretty with a market cap over a billion bucks, RLUSD is backed by real, honest-to-goodness USD-no funny business, just good old reliable dollars in high-quality liquid assets. It’s the real McCoy.
Jack McDonald, Ripple’s guy in charge of stablecoins, says this approval is a sign that regulators worldwide are finally warming up to stablecoins with big-boy rules-no shortcuts, just straight-up compliance and reporting. Looks like RLUSD is gunning to be the king of USD stablecoins in the Middle East, and honestly, who can blame it?
Abu Dhabi Throws Ribbon-Wrapped Support Behind Ripple’s Dreams
The big shots at ADGM rolled out the red carpet, saying, “Yup, we back this crypto-future,” proving that Abu Dhabi isn’t just about oil anymore-now they’re about digital finance and making the world pay attention. The region’s digital scene is buzzing, and Ripple’s getting cozy with big names like Bahrain, Absa in Africa, and local giants like Zand Bank and Mamo. It’s the new gold rush, just with less dirt and more digital bytes.
After this stamp of approval, experts say more banks and payment companies will jump on the RLUSD bandwagon faster than you can say “blockchain.” So watch this space-digital dollars might just be the new kings of the desert.
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2025-11-27 10:44