Ripple partners with UAE's Zand Bank on stablecoin initiatives

Ripple has announced a collaboration with Zand, a digital bank in the United Arab Emirates (UAE), to expand digital financial infrastructure using its dollar-pegged stablecoin, RLUSD, and a proposed dirham-pegged stablecoin, AEDZ. The two firms, which first partnered last year, will explore supporting RLUSD within Zand's regulatory-compliant digital asset custody environment. The collaboration will also investigate ways to connect liquidity between AEDZ and RLUSD and the potential for issuing AEDZ on the XRP Ledger (XRPL).