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Ripple’s stablecoin, RLUSD, has received regulatory approval from the Dubai Financial Services Authority (DFSA), marking a significant milestone for the company. This endorsement allows DFSA-licensed entities in the Dubai International Financial Centre (DIFC) to integrate RLUSD into their operations. The move underscores Ripple’s commitment to compliance and institutional adoption of blockchain technology.
- RLUSD is now approved for use by DFSA-licensed entities in Dubai's DIFC, a major regulatory milestone.
- Ripple emphasizes RLUSD's compliance and utility for institutional cross-border payments.
- Despite regulatory progress, RLUSD holds just 0.12% of the $250B stablecoin market.
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