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Ripple’s RLUSD Gets Green Light in Abu Dhabi’s ADGM Crypto Zone
Ripple’s U.S. dollar-backed stablecoin RLUSD has received approval for use in the Abu Dhabi Global Market (ADGM). The token is now an Accepted Fiat-Referenced Token under the Financial Services Regulatory Authority (FSRA). This designation permits ADGM-licensed firms to use RLUSD in regulated activities, Ripple confirmed Thursday. The FSRA designation offers RLUSD a pathway to operate inside one of the strictest digital asset jurisdictions. This places RLUSD alongside a select group of approved tokens inside ADGM’s regulated ecosystem. Ripple emphasized that the clearance provides legal clarity for its enterprise ... (full story)
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