{"id":60692,"date":"2025-11-27T12:01:31","date_gmt":"2025-11-27T12:01:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=60692"},"modified":"2025-11-27T12:01:31","modified_gmt":"2025-11-27T12:01:31","slug":"ripple-gains-abu-dhabi-fsra-greenlisting-in-latest-middle-east-push","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=60692","title":{"rendered":"Ripple Gains Abu Dhabi FSRA Greenlisting In Latest Middle East Push"},"content":{"rendered":"
\n

Ripple has secured a key regulatory win in the Gulf as Abu Dhabi\u2019s Financial Services Regulatory Authority (FSRA) has recognized Ripple USD (RLUSD) as an \u201cAccepted Fiat-Referenced Token,\u201d effectively greenlisting the USD-backed stablecoin for use within Abu Dhabi Global Market (ADGM).<\/p>\n

Ripple Adds Another Middle East Win<\/h2>\n

The designation means RLUSD can now be used by FSRA-licensed \u201cAuthorised Persons\u201d for applicable regulated activities inside ADGM, including its use as lending collateral. Reece Merrick, Ripple\u2019s Managing Director for the Middle East and Africa, highlighted the significance in a post<\/a> on X, calling the approval \u201canother milestone for Ripple here in the Middle East\u201d and noting that \u201cRLUSD is now approved for use as lending collateral within @ADGlobalMarket.\u201d He added that 2025 had brought \u201cawesome momentum for Ripple in the Middle East\u201d and said he \u201ccan\u2019t wait to keep building on these solid foundations as we head into 2026.\u201d<\/p>\n

The move slots RLUSD into ADGM\u2019s dedicated framework for fiat-referenced tokens (FRTs), under which only assets granted \u201cAccepted\u201d status may be used by regulated firms for key activities such as custody, dealing and operating venues. For RLUSD, this shifts it from being merely technically usable to being explicitly permitted under one of the most structured digital asset regimes in the region.<\/p>\n

Jack McDonald, Senior Vice President of Stablecoins, framed the approval as a validation of the product\u2019s institutional positioning. \u201cThe FSRA\u2019s recognition of RLUSD as a Fiat-Referenced Token reinforces our commitment to regulatory compliance and trust \u2013 two non-negotiables when it comes to institutional finance,\u201d he said. With \u201ca market capitalization of over $1 billion and growing adoption in core financial uses like collateral and payments,\u201d McDonald argued, RLUSD is \u201cquickly becoming a go-to USD stablecoin for major institutions.\u201d<\/p>\n

RLUSD is issued under a New York Department of Financial Services Limited Purpose Trust Company Charter and, according to the company, has grown to more than $1.2 billion in market capitalization since launching in late 2024. The company emphasises 1:1 USD backing<\/a> in high-quality liquid assets, strict reserve segregation, third-party attestations and clear redemption rights, aiming squarely at regulatory and institutional expectations rather than retail speculation.<\/p>\n

From ADGM\u2019s side, the move is also being presented as a proof point for Abu Dhabi\u2019s regulatory architecture. \u201cWe congratulate Ripple on achieving this important milestone,\u201d said Arvind Ramamurthy, Chief Market Development Officer at ADGM. He pointed to ADGM\u2019s \u201crobust regulatory framework, designed to support the sustainable growth of innovative firms and ensure the highest international standards of governance and compliance,\u201d and argued that Abu Dhabi\u2019s focus on \u201cinnovation, transparency, and trust positions Abu Dhabi as a leading hub for the next generation of financial services and digital finance.\u201d<\/p>\n

The RLUSD recognition adds to Ripple\u2019s rapidly expanding Middle East footprint. In the UAE, the stablecoin has also been cleared in Dubai\u2019s DIFC<\/a> through the DFSA\u2019s recognised token regime, while in the broader region Ripple has announced a new strategic partnership in Bahrain and onboarded Absa Bank<\/a> as its first custody client in Africa. RLUSD is being integrated across Ripple\u2019s own stack \u2013 including Ripple Payments, Ripple Custody and Ripple Prime \u2013 to function as a settlement and collateral asset for cross-border payments, institutional trading and capital markets.<\/p>\n

At press time, XRP traded at $2.20.<\/p>\n

\"XRP<\/div>\n","protected":false},"excerpt":{"rendered":"

Ripple has secured a key regulatory win in the Gulf as Abu Dhabi\u2019s Financial Services Regulatory Authority (FSRA) has recognized Ripple USD (RLUSD) as an \u201cAccepted Fiat-Referenced Token,\u201d effectively greenlisting the USD-backed stablecoin for use within Abu Dhabi Global Market (ADGM). Ripple Adds Another Middle East Win The designation means RLUSD can now be used […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-60692","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/60692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=60692"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/60692\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=60692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=60692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=60692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}