Ripple’s RLUSD Stablecoin Gets Key Approval in Dubai

The post Ripple’s RLUSD Stablecoin Gets Key Approval in Dubai appeared first on Coinpedia Fintech News Ripple’s stablecoin, RLUSD, has received approval from the Dubai Financial Services Authority (DFSA) for use within the Dubai International Financial Centre (DIFC). This approval underscores RLUSD’s commitment to transparency, regulatory compliance, and practical use. RLUSD is also among the few stablecoins regulated under New York’s strict financial laws. Backed 1:1 by USD, with strong reserve management and regular audits, RLUSD is designed to provide trust and security for both regulators and institutional investors worldwide.

Source: coinpedia