Blockchain company Ripple has announced a strategic approval poised to supercharge the adoption of its blockchain-powered solutions.The firm took to X today to confirm that Abu Dhabi’s Financial Services Regulatory Authority (FSRA) has recognised RLUSD stablecoin as an Accepted Fiat-Referenced Token.Ripple@Ripple·FollowCompliance and trust are non-negotiables for institutional finance. That’s why $RLUSD has been greenlisted by Abu Dhabi’s FSRA, enabling its use as collateral on exchanges, for lending, and on prime brokerage platforms within @ADGlobalMarket—the international financial centre of10:31 am · 27 Nov 20252.3KReplyCopy linkRead 95 repliesThis recognition is vital as it enables RLUSD use within the Abu Dhabi Global Market (ADGM) – the international financial hub of the UAE.Meanwhile, FSRA-certified companies can use the stablecoin in legitimate undertakings, including trading, lending, and as collateral. Such use cases strengthen RLUSD’s credibility as a legitimate, compliant digital asset in a region that’s rapidly embracing crypto.Commenting on the approval, Ripple’s Senior VP of Stablecoins said:The FSRA’s recognition of RLUSD as a Fiat-Referenced Token reinforces our commitment to regulatory compliance and trust – two non-negotiables when it comes to institutional finance. With a market capitalization of over $1 billion and growing adoption in core financial uses like collateral and payments, RLUSD is quickly becoming a go-to USD stablecoin for major institutions.Ripple USD boasts a robust compliance structure, which has helped it thrive since its late 2024 debut.The stablecoin now boasts $1.02 billion in market cap.The NYFDS-approved stablecoin is fully tied 1:1 to US dollars held in reliable, liquid assets, subject to third-party audits and strict reserve management.ADGM could bolster RLUSD adoptionThe approval remains paramount in supercharging RLUSD adoption in the Middle East and globally. The move clears the path for enterprise applications to integrate the stablecoin. For example, businesses can leverage the regulated assets to complete cross-border payments. According to Ripple’s Managing Director for Africa and the Middle East, Reece Merrick:ADGM is recognized globally for its robust and forward-thinking regulatory leadership, so this approval reinforces RLUSD as a compliant stablecoin that meets the highest standards of trust, transparency, and utility. This recognition is yet another step forward for Ripple’s operations in the region, where we are experiencing surging interest in our products.Also, ADGM Chief Market Development Officer Arbind Ramamurthy congratulated Ripple on the latest regulatory milestone, adding:We look forward to seeing them make use of our robust regulatory framework, designed to support the sustainable growth of innovative firms and ensure the highest international standards of governance and compliance.The latest developments are part of Ripple’s growing footprint in Africa and the Middle East.Last month, the company signed strategic collaborations with Yellow Card, Chipper Cash, and VALR, allowing African businesses and individuals to use RLUSD.Also, Ripple’s stablecoin arrived in Bahrain in October.These add to earlier wins that included alliances with Mamo and Zand Bank, which support Ripple-enabled blockchain transactions in the UAE.The post Ripple’s RLUSD approved for institutional use in Abu Dhabi’s financial hub appeared first on InvezzBlockchain company Ripple has announced a strategic approval poised to supercharge the adoption of its blockchain-powered solutions.The firm took to X today to confirm that Abu Dhabi’s Financial Services Regulatory Authority (FSRA) has recognised RLUSD stablecoin as an Accepted Fiat-Referenced Token.Ripple@Ripple·FollowCompliance and trust are non-negotiables for institutional finance. That’s why $RLUSD has been greenlisted by Abu Dhabi’s FSRA, enabling its use as collateral on exchanges, for lending, and on prime brokerage platforms within @ADGlobalMarket—the international financial centre of10:31 am · 27 Nov 20252.3KReplyCopy linkRead 95 repliesThis recognition is vital as it enables RLUSD use within the Abu Dhabi Global Market (ADGM) – the international financial hub of the UAE.Meanwhile, FSRA-certified companies can use the stablecoin in legitimate undertakings, including trading, lending, and as collateral. Such use cases strengthen RLUSD’s credibility as a legitimate, compliant digital asset in a region that’s rapidly embracing crypto.Commenting on the approval, Ripple’s Senior VP of Stablecoins said:The FSRA’s recognition of RLUSD as a Fiat-Referenced Token reinforces our commitment to regulatory compliance and trust – two non-negotiables when it comes to institutional finance. With a market capitalization of over $1 billion and growing adoption in core financial uses like collateral and payments, RLUSD is quickly becoming a go-to USD stablecoin for major institutions.Ripple USD boasts a robust compliance structure, which has helped it thrive since its late 2024 debut.The stablecoin now boasts $1.02 billion in market cap.The NYFDS-approved stablecoin is fully tied 1:1 to US dollars held in reliable, liquid assets, subject to third-party audits and strict reserve management.ADGM could bolster RLUSD adoptionThe approval remains paramount in supercharging RLUSD adoption in the Middle East and globally. The move clears the path for enterprise applications to integrate the stablecoin. For example, businesses can leverage the regulated assets to complete cross-border payments. According to Ripple’s Managing Director for Africa and the Middle East, Reece Merrick:ADGM is recognized globally for its robust and forward-thinking regulatory leadership, so this approval reinforces RLUSD as a compliant stablecoin that meets the highest standards of trust, transparency, and utility. This recognition is yet another step forward for Ripple’s operations in the region, where we are experiencing surging interest in our products.Also, ADGM Chief Market Development Officer Arbind Ramamurthy congratulated Ripple on the latest regulatory milestone, adding:We look forward to seeing them make use of our robust regulatory framework, designed to support the sustainable growth of innovative firms and ensure the highest international standards of governance and compliance.The latest developments are part of Ripple’s growing footprint in Africa and the Middle East.Last month, the company signed strategic collaborations with Yellow Card, Chipper Cash, and VALR, allowing African businesses and individuals to use RLUSD.Also, Ripple’s stablecoin arrived in Bahrain in October.These add to earlier wins that included alliances with Mamo and Zand Bank, which support Ripple-enabled blockchain transactions in the UAE.The post Ripple’s RLUSD approved for institutional use in Abu Dhabi’s financial hub appeared first on Invezz