XRP News: Ripple’s RLUSD Gains Regulatory Nod in Dubai

Ripple’s ambitions in the blockchain and financial sectors continue to grow as its XRP ecosystem welcomes a major regulatory win for its stablecoin, RLUSD. This development marks a strategic leap forward for Ripple’s goals in institutional adoption and regulatory compliance.

On June 3, Ripple secured significant recognition in the Middle East. The company’s dollar-pegged stablecoin, RLUSD, was officially approved by the Dubai Financial Services Authority (DFSA) as an acknowledged crypto token within the Dubai International Financial Centre (DIFC). This regulatory green light wasn’t just symbolic — it serves as a gateway for further implementation of the asset across one of the most important international financial zones.

According to Ripple, the DFSA’s endorsement validates RLUSD as a trusted and enterprise-grade digital stablecoin, ideally structured for transparency, regulatory alignment, and real-world usability. Jack McDonald, the company’s Senior Vice President of Stablecoins, emphasized that this milestone showcases Ripple’s strong commitment to crafting a digital asset built for global trade and institutional functionality.

He added that RLUSD, which follows a regulation-first design, is meticulously engineered to foster the institutional uptake of blockchain apps, beginning with transformative cross-border payment solutions. The approval extends beyond symbolic value — DFSA-regulated firms operating within DIFC can now directly integrate RLUSD into their operational frameworks.

Located in the heart of Dubai, the DIFC serves as a financial nucleus for the Middle East, Africa, and South Asia (MEASA) region. Operating under a self-contained legal jurisdiction, the DIFC attracts global finance corporations due to its zero percent corporate tax rate on eligible income and unrestricted capital mobility.

This latest regulatory achievement is just one part of Ripple’s broader strategic positioning in Dubai. In August of the previous year, Ripple deepened its regional presence through a key collaboration with the DIFC. Later, it further advanced its footprint by securing in-principle approval from the Dubai regulator to offer expanded services within the DIFC corridor.

Key Milestones for RLUSD

RLUSD, the dollar-backed digital asset by Ripple, was first launched in December last year. Designed to maintain a 1-to-1 parity with the US dollar, its early adoption was led by exchanges such as Uphold, Bitso, Moonpay, and Bitstamp. Over the following months, industry giants like Gemini and Kraken also added the asset to their trading platforms.

Most recently, Bitget became the latest exchange to support the stablecoin, listing RLUSD for trading against major digital pairs such as USDT and USDC. Although this wide exchange support indicates momentum, RLUSD still holds a relatively modest footprint within the broader stablecoin sector.

Currently, RLUSD maintains a market cap of approximately $310 million. This translates to just 0.12% of the total stablecoin market, which now surpasses $250 billion. Despite its functional and regulatory strengths, these numbers signify that RLUSD has a considerable journey ahead before reaching the scale of leading stablecoins.

Reports have emerged that Ripple aimed to dramatically expand its stablecoin influence by attempting to acquire Circle, the company responsible for issuing USDC — the second-largest stablecoin by market cap. Allegedly, Ripple was willing to offer more than $10 billion to facilitate the acquisition.

However, those rumors were quickly dismissed. Circle clarified that it is not for sale and reaffirmed its independent ambitions by announcing plans for a future initial public offering (IPO) in the United States.

Related: Expert Advice: Sell XRP If You’re Confused

Ripple’s steady progress with RLUSD is further cemented by the stablecoin’s growing recognition and utility as it gains ground across exchanges and garners important regulatory approvals. These moves shore up Ripple’s ecosystem, making XRP and associated products increasingly relevant in shaping the future of digital finance.