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Abu Dhabi Approves Ripple's RLUSD Stablecoin for Institutional Crypto Use

Key Takeaways

  • Ripple’s USD-backed stablecoin, RLUSD, is now approved for use by licensed firms in Abu Dhabi’s Global Market free zone;
  • The approval extends Ripple’s regulatory reach after prior clearances in New York and Dubai for payments and treasury operations;
  • With an over $1 billion market cap and growing institutional adoption, RLUSD is emerging as a leading regulated USD stablecoin.

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Abu Dhabi Approves Ripple's RLUSD Stablecoin for Institutional Crypto Use

Approval has been granted for Ripple's dollar-backed stablecoin, RLUSD, which allows licensed firms in Abu Dhabi's international financial zone to use it.

The approval came from the Financial Services Regulatory Authority overseeing the Abu Dhabi Global Market (ADGM), a free zone on Al Maryah and Al Reem Islands.

Licensed entities may employ RLUSD for approved operations, provided they comply with the rules on reserve control and required disclosures.

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RLUSD began in October 2024 under a limited-purpose trust charter granted by the New York Department of Financial Services.

By March, full regulatory approval arrived, which enabled crypto-based cross-border payment services in the Dubai International Financial Centre. In June, that same regulator also permitted RLUSD for regulated activities such as treasury management and payments within the DIFC.

A sweeping federal decree, Federal Decree Law No. 6 of 2025, came into force as of September. It requires that protocols, platforms, infrastructure providers, and services involved in payments, lending, custody, exchanges, or investing obtain a license from the Central Bank of the UAE by September 2026.

Jack McDonald, Ripple's senior vice president of stablecoins, noted that, with a market cap exceeding $1 billion and growing adoption across use cases such as collateral and payments, RLUSD is becoming a leading USD stablecoin for major institutions.

Recently, Ripple has confirmed it is not planning to go public, even after resolving a long legal dispute with the US Securities and Exchange Commission (SEC). What did Monica Long, the president of Ripple, say? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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