XRP’s RLUSD Stablecoin Gains Regulatory Approval in Dubai, Boosting Global Adoption

Ripple’s USD-pegged stablecoin, RLUSD, has achieved a significant milestone by receiving regulatory approval from Dubai’s Financial Services Authority (DFSA), allowing its use within the Dubai International Financial Centre (DIFC). This development strengthens Ripple’s presence in the Middle East’s blockchain ecosystem and highlights its commitment to institutional-grade compliance. RLUSD operates under dual oversight from the DFSA and New York’s regulatory framework, ensuring robust security and transparency. As of June 4, 2025, XRP is trading at 2.25130000 USDT, reflecting growing investor confidence. This approval marks a pivotal step in Ripple’s global expansion strategy, positioning XRP for broader adoption in regulated financial markets.

Ripple’s RLUSD Stablecoin Approved in Dubai’s DIFC, Strengthening XRP’s Global Footprint

Ripple’s USD-pegged stablecoin, RLUSD, has received regulatory approval from Dubai’s Financial Services Authority (DFSA), enabling its use within the Dubai International Financial Centre (DIFC). This milestone embeds Ripple deeper into the Middle East’s blockchain ecosystem and underscores its focus on institutional-grade compliance.

RLUSD operates under dual oversight from the DFSA and New York’s Department of Financial Services (NYDFS), backed by high-quality liquid reserves. Ripple plans to integrate the stablecoin into its DFSA-licensed payment platform in the UAE, prioritizing cross-border utility over retail speculation.

The approval signals growing confidence in Ripple’s infrastructure as Dubai positions itself as a fintech hub. "This reinforces RLUSD as a stablecoin built with compliance at its core," Ripple stated, highlighting its enterprise-ready approach to digital asset solutions.

Ripple CEO Denies $5 Billion Circle Acquisition Rumors, Outlines Stablecoin Strategy

Ripple CEO Brad Garlinghouse has categorically denied reports of a $4-5 billion bid to acquire Circle, the issuer of USDC stablecoin. During an on-stage interview at a Las Vegas conference, Georgetown Law professor Chris Brummer revealed Garlinghouse stated Ripple "never pursued an acquisition of Circle" and the topic wasn’t under consideration. The CEO reportedly wished Circle well but viewed its business as outside Ripple’s current strategic focus.

The denial comes after April 30 reports citing unnamed sources claimed Ripple had made an offer that Circle rejected as undervaluing the company. Circle has been preparing for an IPO since filing SEC registration documents in early April, though leadership has remained silent on valuation specifics.

Garlinghouse used the platform to detail Ripple’s forthcoming RLUSD stablecoin plans, positioning it as on-ledger collateral for XRP Ledger transactions. The strategy aligns with recent acquisitions like prime-brokerage platform Hidden Road, part of Ripple’s broader push to bridge traditional finance with tokenized assets.

Mysterious XRP Whale Just Made a $22 Million Move—What’s Coming Next?

A sudden $22 million XRP transfer has ignited speculation across crypto markets. On May 30, 2025, an unidentified whale moved 10 million tokens to an unknown wallet, as tracked by Whale Alert. The transaction’s opacity arrives during heightened volatility for Ripple’s digital asset.

XRP trading volume surged 8% to $1.95 billion in 24 hours, yet prices struggled to maintain momentum. After dipping to $2.08, the token marginally recovered to $2.17—a 1% gain that fails to offset bearish technical signals. The asset now trades below both 50-day ($2.25) and 200-day ($2.30) moving averages, with on-chain data revealing a 75% drop in network activity.

Market observers debate whether the whale movement signals accumulation or distribution. The timing coincides with undisclosed corporate developments involving XRP, including renewable energy firm Viv’s rumored blockchain initiatives. Such large-scale transfers often precede significant price movements, though direction remains uncertain amid weakening technicals.

XRP Targets $2.65: Is a Major Price Jump Coming Soon?

XRP is poised for a potential breakout, with analysts eyeing $2.36 as the next target. The $2.30 level serves as critical support; maintaining this threshold could confirm bullish momentum and pave the way for a rally toward $2.65.

Market resilience and community backing underscore the token’s upward potential. A decisive MOVE above $2.30 may trigger increased buying activity, reinforcing the case for sustained gains.

Technical indicators align with optimistic sentiment, suggesting XRP could soon test higher resistance levels. The cryptocurrency’s trajectory hinges on holding key support while capitalizing on growing investor interest.