Ripple USD Stablecoin Gets Institutional Green Light in Abu Dhabi

[nihalsari]

Ripple’s dollar-pegged stablecoin, RLUSD, is now approved for use by regulated firms in the Abu Dhabi Global Market. The move allows institutions to deploy RLUSD for payments and collateral within ADGM, marking a major milestone in Ripple’s UAE expansion.

[Abdul Khan]

Institutional approval will give RLUSD an edge in cross-border settlement.

[Rimon Khan]

Ripple’s stablecoin strategy is clearly aimed at the big banks.