Ripple's RLUSD Stablecoin Receives Regulatory Approval in Abu Dhabi Global Market
Ripple's dollar-pegged stablecoin RLUSD has been authorized for use within the Abu Dhabi Global Market (ADGM), CoinDesk reported on Nov. 27. The Financial Services Regulatory Authority (FSRA) recognition enables licensed firms under the regulator to utilize RLUSD in supervised activities. The approval places RLUSD among a select group of tokens permitted within ADGM's regulated financial framework, establishing compliance presence in one of the world's most strictly regulated cryptocurrency jurisdictions.