Ripple's RLUSD Stablecoin Receives Regulatory Approval in Abu Dhabi Global Market
Ripple's RLUSD stablecoin has secured regulatory approval from the Abu Dhabi Global Market, marking a significant milestone for institutional adoption in the Gulf region. The authorization enables Financial Services Regulatory Authority-licensed entities to deploy RLUSD for cross-border payments, lending operations, and collateral management. The stablecoin currently maintains a market capitalization of approximately $1.03 billion.