Ripple stablecoin RLUSD has received regulatory approval from Dubai's financial regulator.

According to Foresight News, Ripple announced that its USD-pegged stablecoin RLUSD has received regulatory approval from Dubai's financial regulatory authority, meaning RLUSD can now be integrated into Ripple's licensed payment platform and may be used by other DFSA registered entities. RLUSD is backed 1:1 by USD held in high-quality liquid assets and is subject to third-party audits.

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