Ripple received Dubai regulatory approval for its RLUSD stablecoin, marking a strategic push into Middle Eastern payment systems. This follows earlier partnerships with Asian banks to trial cross-border settlements using XRP and stablecoins.
The RLUSD launch positions Ripple as a competitor to Tether and Circle in regulated markets. Company executives emphasize its role in bridging traditional finance with crypto-native liquidity pools.
This expansion coincides with Ripple’s ongoing legal battles in the U.S., where regulators continue challenging XRP’s security status. The Dubai approval provides a regulatory counterbalance to domestic pressures.