Ripple has achieved a major regulatory milestone as its dollar-backed stablecoin RLUSD received formal approval inside the Abu Dhabi Global Market (ADGM).
Recognized as an Accepted Fiat-Referenced Token by the Financial Services Regulatory Authority, RLUSD can now be used by licensed firms for regulated activities, placing it among a select group of approved tokens operating inside the ADGM’s ring-fenced ecosystem.
The approval strengthens Ripple’s growing presence in the Middle East, where financial institutions are adopting tokenized settlement rails faster than in the U.S. or Europe. RLUSD, launched in late 2024 under a New York DFS trust charter, has surpassed $1.2 billion in circulation and has become the 10th-largest stablecoin by market cap.
Its clearly defined reserve rules and redemption framework have attracted institutional demand. Ripple said RLUSD is already appearing in collateral and settlement flows as part of its strategy to integrate the token across its cross-border payment corridors. The ADGM approval further positions RLUSD as a compliant settlement asset for regional financial markets.
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