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#Ripple receives official approval for its stablecoin #RLUSD for use in regulated financial activities in Abu Dhabi
Ripple announced that its US dollar-backed stablecoin, Ripple USD (RLUSD), has been recognized as a fiat-referenced token by the Abu Dhabi Financial Services Regulatory Authority, allowing its use within the Abu Dhabi Global Market.
Authorized and licensed individuals by the authority can now use RLUSD in regulated financial activities, with full compliance to regulatory standards. This recognition further strengthens RLUSD’s position as a reliable and compliant stablecoin for institutional use in the Middle East, following previous regulatory approvals in the region.
Ripple plans to use RLUSD in cross-border payment solutions and to support capital markets through the Ripple Prime platform, facilitating money transfers between the traditional system and digital currencies.
#XRP #XRPUSDT #الريبل
$XRP