Ripple 
$2.21‘s dollar-linked stablecoin RLUSD has been approved as an “Accepted Fiat Referenced Token” within the Abu Dhabi Global Market (ADGM). Thus, the company is the most tightly regulated company in the world. financial centersIt gained legal legitimacy in one of the cases. ADGM’s approval offers Ripple the opportunity to expand its cooperation with banks and payment institutions in the Middle East.
ADGM Approval Moves Ripple to Regional Financial Center
Abu Dhabi Financial Services Regulatory AuthorityWith the approval of FSRA, RLUSD is now engaged in activities regulated by licensed institutions within ADGM. can be used. The development has not only limited Ripple’s product. cryptocurrency It accelerated its adoption strategy not only in the market but also in corporate payment networks. The approval positions Ripple among the few tokens included in ADGM’s limited cryptocurrency system.
Ripple’s presence in the region gained momentum after its expansion steps in Bahrain. Company, RLUSDIt promotes as a settlement tool that can be used in cross-border payments, capital markets and commercial transactions. While regulatory uncertainties continue in the US and Europe, Gulf countries are adopting tokenized payment systems faster.
ADGM’s rigid framework has given Ripple a reputable foothold. Because Abu Dhabi has created a regulatory environment that offers “banking level” security to cryptocurrencies for both financial institutions and international investors.
RLUSD’s Weight in the Market Is Increasing
Approved by the New York Department of Financial Services (DFS) at the end of 2024, RLUSD attracted the attention of institutional investors thanks to its defined reserve rules and redemption rights. Circulating supply exceeds $1.2 billion stablecoin CryptoAppsy According to data, it has become the tenth largest stablecoin by market value.
Ripple distributes RLUSD directly from its corporate payment infrastructureand made it usable in interbank reconciliations. The company’s goal is to ensure that RLUSD is included not only in Blockchain transactions but also in the collateral and settlement flows of financial institutions.
in the Middle East and Africa Zand BankInstitutions such as , Absa integrated Ripple’s payment networks into their systems during the year. Thus, RLUSD has become one of the examples of the regulatory-compliant stablecoin model in the region. ADGM approval allows Ripple to collaborate deeper with banks seeking stable financial infrastructure.
