Ripple stablecoin RLUSD wins regulatory approval in Abu Dhabi

Ripple announced that its stablecoin, RLUSD, has been officially approved as a fiat-pegged token by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). This approval permits the use of RLUSD within the ADGM, allowing FSRA-licensed businesses to utilize the stablecoin provided they meet all regulatory requirements.