As per Coinomedia, Ripple's RLUSD stablecoin has been recognized as an 'Accepted Virtual Asset – Fiat-Referenced Token' by Abu Dhabi's Financial Services Regulatory Authority (FSRA). This approval allows its use by licensed entities in the Abu Dhabi Global Market (ADGM), a major financial hub in the UAE. The move strengthens Ripple's global stablecoin strategy and positions RLUSD as a regulated digital asset in a jurisdiction increasingly seen as a leader in virtual asset regulation.
Ripple's RLUSD Stablecoin Approved as Regulated Asset in Abu Dhabi
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