Ripple’s RLUSD stablecoin has officially been approved for use in Abu Dhabi’s financial market. The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) granted the approval, further expanding Ripple’s presence in global financial markets.
Ripple has announced in a press release that the approval has made RLUSD an Accepted Fiat-Referenced Token. Licensed institutions that are registered with the FSRA now have permission to use the stablecoin in the course of approved activity with specific regulatory conditions.
Ripple praised ADGM’s reputation as one of the most progressive regulators in the digital asset space. The company sees the approval as an important validation of its commitment to regulatory compliance and reliability.
RLUSD approval boosts Ripple’s market position
Jack McDonald, Senior Vice President for Stablecoins at Ripple, called the approval a major milestone. He emphasized that it provides strength for the company’s concentration on regulatory standards.
“The FSRA’s recognition of RLUSD as a Fiat-Referenced Token strengthens our commitment to regulatory compliance and trust,” he said. “With a market capitalization of more than $1 billion… RLUSD is rapidly emerging as the go-to USD stablecoin for leading institutions”.
FSRA officials also said that their aim is to provide support for innovative companies working within Abu Dhabi.
Arvind Ramamurthy, Chief Market Development Officer of ADGM, said, “We congratulate Ripple on achieving this important milestone; we look forward to seeing them make use of our robust regulatory framework designed to support the sustainable growth of innovative firms.”
Ripple accelerates expansion across the Middle East and Africa
Ripple’s expansion in the Middle East has gained some momentum since early this year. The company obtained a DFSA license earlier in 2025, which allows it to provide regulated digital asset services throughout the UAE.
Ripple is also pushing ahead with its work in Bahrain. The company partnered with Bahrain’s Fintech Bay to boost blockchain technology and test payment solutions using RLUSD.
The company’s plans go beyond the Middle East. Ripple has started expanding the RLUSD stablecoin into African markets. It has formed partnerships with Chipper Cash, VALR, and Yellow Card, key fintech companies in the region.
Ripple has been active in the UAE real estate sector also. The company worked with Ctrl Alt to create digital property title deeds on the XRP Ledger for Dubai’s Land Department.
Ripple’s approval by Abu Dhabi represents its increasing stake in financial markets around the world. With this latest achievement, Ripple demonstrates its position as a leader in the field of digital assets and blockchain technology.