As reported by 36 Crypto, Ripple's USD-backed stablecoin RLUSD has been greenlisted by Abu Dhabi’s Financial Services Regulatory Authority (FSRA), enabling its use as collateral on exchanges, for lending, and on prime brokerage platforms within the Abu Dhabi Global Market (ADGM). The approval has generated excitement among XRP community members, who view it as a major regulatory win and a step toward wider adoption of RLUSD as a compliant settlement asset in the region. Ripple emphasized that compliance and trust are essential for institutional finance, and the greenlisting supports growing demand for regulated digital assets in the Middle East.
Ripple's RLUSD Greenlisted by Abu Dhabi's ADGM, Sparks XRP Community Optimism
36CryptoShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.