The post Ripple’s RLUSD Stablecoin Approved for Use in Abu Dhabi appeared first on Coinpedia Fintech News
Ripple’s RLUSD stablecoin has been recognized as an Accepted Fiat-Referenced Token by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). This approval allows authorized licensed entities to use RLUSD for regulated activities within ADGM, a leading international financial center known for its strong regulatory standards. The recognition strengthens RLUSD’s position as a trusted, compliant settlement asset in the Middle East, complementing Ripple’s recent approvals from other regional regulators in the UAE.



BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate. BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more