Abu Dhabi Companies Receive Permission to Use RLUSD Stablecoin
Date: 2025-11-28 Author: Oliver Abernathy Categories: BUSINESS
FSRA-licensed firms have been granted permission to use the RLUSD stablecoin in the Abu Dhabi International Financial Centre (ADGM), a free zone located on the islands of Al Maryah and Al Reem. However, they are required to provide clients with full information about the reserve assets backing RLUSD.
Earlier, in October 2024, Ripple received approval from the Dubai Financial Services Authority (DFSA), and in March of this year, the company was able to provide cryptocurrency services in the Dubai International Financial Centre (DIFC), another UAE free zone. In June, the DFSA officially authorized local firms to use RLUSD for payments and business transactions.
Furthermore, Ripple is expanding its RLUSD presence in the African market. In partnership with fintech companies Chipper Cash, VALR, and Yellow Card, the stablecoin is becoming available to local users. Ripple has selected the Bank of New York Mellon Corporation (BNY Mellon) as its primary custodian for RLUSD reserves.
This means RLUSD is gradually integrating into both the UAE financial ecosystem and international markets, ensuring reserve transparency and regulatory compliance.
