Abu Dhabi’s FSRA designated Ripple’s dollar‑pegged RLUSD as an “Accepted Fiat‑Referenced Token,” permitting FSRA‑licensed firms to use it for regulated activities within ADGM’s ring‑fenced market.

The approval allows licensed institutions within ADGM to use RLUSD for regulated activities, provided they comply with the jurisdiction’s strict firm-level obligations for fiat-referenced tokens. The decision marks another milestone for RLUSD in the Middle East and reinforces ADGM’s position as one of the world’s most progressive regulatory environments for digital assets.

Jack McDonald, Senior Vice President of Stablecoins at Ripple, stated: “The FSRA’s recognition of RLUSD as a Fiat-Referenced Token reinforces our commitment to regulatory compliance and trust – two non-negotiables when it comes to institutional finance. With a market capitalization of over $1.2 billion and growing adoption in core financial uses like collateral and payments, RLUSD is quickly becoming a go-to USD stablecoin for major institutions.”

Issued under a New York Department of Financial Services (NYDFS) Limited Purpose Trust Company charter, RLUSD is backed 1:1 by U.S. dollars and high-quality liquid assets, with reserves independently attested and segregated. The stablecoin launched in late 2024 and has rapidly gained traction among enterprises for cross-border settlements, treasury management, and on/off-ramps to the broader crypto ecosystem.

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https://Ripple.com/ripple-press/rlusd-recognized-as-accepted-fiat-referenced-token-for-use-within-abu-dhabis-adgm/