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  Ripple’s stablecoin RLUSD has received approval from UAE regulators and its circulating supply has hit a new high. The Abu Dhabi Financial Services Regulatory Authority has placed RLUSD on its Green List, enabling regulatory deployment in the Abu Dhabi Global Market. RLUSD’s market capitalization exceeded $1.26 billion in November, mainly due to active trading on Ethereum. According to the announcement, FSRA has classified RLUSD as a “recognized fiat currency reference token.” This recognition allows companies licensed by FSRA to use the stablecoin for activities such as mortgage, loan business and prime brokerage business under ADGM supervision. Representatives for Ripple said the regulator’s decision highlights the importance of maintaining compliance standards in the institutional financial sector, noting that the company views compliance with established rules as a core requirement and not optional. This decision stems from the FSRA’s recent revision of its digital asset regulatory framework, which aims to expand the scope of institutional participation while strengthening control. Under the new regulations, RLUSD will be eligible for use in regulated settlement channels and other institutional workflows, provided participating firms meet their own regulatory obligations. Market growth and supply chain distribution Although Ripple positions XRPL as the core of its infrastructure, recent issuance volumes have been heavily skewed towards Ethereum. Observers noted that the trend raised questions about XRPL’s relative status, although analysts also noted that more than 100 million RLUSD were minted on XRPL in November, indicating continued institutional investor activity on both networks. RLUSD is issued by an entity operating under a limited purpose trust charter from the New York State Department of Financial Services, with reserves reportedly held in the form of high-quality liquid assets and subject to external certification, segregation requirements and redemption obligations, all features necessary to obtain approval in markets with stringent regulatory standards, including the UAE. Analysts believe that if the current growth momentum can be sustained, RLUSD is expected to join the top ranks of global stablecoins. Currently, RLUSD's market capitalization ranks outside the top ten. To enter the top five, its market capitalization needs to exceed MakerDAO's DAI (approximately $4.4 billion).  tui Morefufuwu service  👆Click the card to experience fast registration   Click on the card to follow us Kuajinzhifu.com Introduction The KF global payment navigation website includes 2,000+ payment companies around the world, outputs high-quality industry news and popular science knowledge, provides learning and exchanges for practitioners, and provides the optimal payment plan for overseas merchants. More content can be viewed on the official website. God! Share it~ |
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