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Ripple’s RLUSD Follows XRP Onto Dubai’s Greenlight List—DFSA Gives Nod to Stablecoin Play
Ripple’s RLUSD Follows XRP Onto Dubai’s Greenlight List—DFSA Gives Nod to Stablecoin Play
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Dubai’s financial watchdog just handed Ripple another win—its freshly minted RLUSD stablecoin joins XRP on the DFSA’s approved crypto roster. No more regulatory limbo for the dollar-pegged newcomer.
Move over, Tether—there’s a new compliant stablecoin in town. Ripple’s doubling down on its Middle East expansion, betting big that institutions want alternatives to the ‘wild west’ of legacy stablecoins. The DFSA’s stamp of approval means RLUSD can now legally operate in Dubai’s sandbox-turned-powerhouse financial hub.
Funny how fast regulators warm to tokens when they’re backed by actual dollars instead of hopium. Maybe this’ll finally stop the ‘crypto has no real-world use’ crowd—or at least give them something new to complain about.
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