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Dubai regulator greenlights Ripple’s RLUSD stablecoin

cryptoweekly by cryptoweekly
June 3, 2025
in bitcoin, News
0

Ripple’s RLUSD stablecoin will support the Dubai Land Department’s blockchain initiative to tokenize real estate title deeds on the XRP Ledger.

The Dubai Financial Services Authority (DFSA), the financial regulator in charge of the Dubai International Financial Centre (DIFC), has officially approved Ripple’s RLUSD stablecoin as a recognized token under the regulator’s crypto regime. 

Following the approval, DIFC companies can now use the RLUSD stablecoin for various virtual asset services. This may include payments, treasury management and services.

The DIFC is a free economic zone and financial district that serves companies throughout the Middle East, Africa and South Asia. The financial zone has nearly 7,000 registered businesses by the end of 2024.

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Recent Posts
  • FCA-registered BCP launches British pound stablecoin
  • Dubai regulator greenlights Ripple’s RLUSD stablecoin
  • Revolut eyes crypto derivatives push, job listing suggests
  • Gold fractal boosts Ethereum price potential to hit $6K
  • Norwegian crypto platform spikes 138% on Bitcoin treasury plan
  • Coinbase aware of recently disclosed data leak since January: Reuters
  • ConSensys says Web3Auth acquisition to ‘greatly improve’ MetaMask UX

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