The post Abu Dhabi’s ADGM Just Approves Ripple’s RLUSD as Fiat-Referenced Token appeared first on Coinpedia Fintech News
Ripple, the leading financial technology company specialising in blockchain-based payment solutions, has scored one of its biggest wins of the year.
Abu Dhabi’s Financial Services Regulatory Authority (FSRA) has officially approved Ripple’s USD-backed stablecoin RLUSD as a Fiat-Referenced Token for use within the Abu Dhabi Global Market (ADGM).
Ripple RLUSD Stablecoin Gains ADGM Approval
According to Ripple’s announcement, the FSRA has approved RLUSD as a Fiat-Referenced Token, allowing licensed firms inside Abu Dhabi Global Market (ADGM) to use the stablecoin for regulated financial activities.
This means banks, fintech companies, and payment providers operating under FSRA rules can integrate RLUSD into compliant services, provided they meet regulatory requirements.
With ADGM known for its strict and progressive digital-asset framework, this recognition acts as a strong signal that RLUSD meets high standards of trust and transparency.
Middle East Now Has a Trusted Ripple Stablecoin
RLUSD is issued under a New York DFS trust license and has already crossed a market cap of over $1.02 billion. Ripple says the stablecoin is fully backed by 1:1 USD backing in high-quality liquid assets, strict reserve controls, and clear redemption rights.
Jack McDonald, Senior Vice President of Stablecoins at Ripple, says this approval shows how global regulators are warming up to stablecoins that follow strong compliance and reporting rules.
With growing adoption in collateral use, payments, and settlement, RLUSD is now positioning itself as a leading USD stablecoin in the Middle Eastern region.
Abu Dhabi Backs Ripple Innovation
ADGM leaders welcomed Ripple’s new approval, saying it proves Abu Dhabi supports crypto innovation with clear rules. The region is growing fast in digital finance and attracting big fintech companies.
Ripple’s presence in the Middle East has also grown. The company recently signed major partnerships in Bahrain, onboarded Absa Bank in Africa as a custody client, and added UAE institutions like Zand Bank and Mamo to its payments network.
Following the approval, analysts say this approval will help more banks and payment firms use RLUSD.