Derived from Bijiie, Ripple's stablecoin RLUSD has been recognized as a 'Recognized Fiat Currency Reference Token' by the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA). This approval allows licensed institutions within ADGM to use RLUSD for regulated activities. ADGM is a leading international financial center known for its strict regulatory standards. The recognition strengthens RLUSD's position as a trusted and compliant settlement asset in the Middle East and complements Ripple's recent approvals from other regulatory bodies in the UAE.
Ripple's RLUSD Stablecoin Approved for Use in Abu Dhabi
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