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Abu Dhabi FSRA recognises Ripple’s stablecoin
28 November 2025 UAE
Image: Bojan/stock.adobe.com
Ripple, a FinTech company offering crypto solutions for businesses, has announced that its US dollar-backed stablecoin, Ripple USD (RLUSD), has been recognised as an accepted fiat-referenced token by Abu Dhabi’s Financial Services Regulatory Authority (FSRA), allowing it to be used within the ADGM, its international financial centre.
RLUSD is eligible for use by authorised persons licensed by the FSRA to carry out applicable regulated activities, on the basis that they maintain and satisfy compliance requirements with firm-level regulatory obligations relating to the use of fiat-referenced tokens.
Commenting on the announcement, Jack McDonald, senior vice president of stablecoins at Ripple, says: “The FSRA’s recognition of RLUSD as a fiat-referenced token reinforces our commitment to regulatory compliance and trust — two non-negotiables when it comes to institutional finance.”
Managing director, Middle East and Africa at Ripple, Reece Merrick, adds: “This recognition is yet another step forward for Ripple’s operations in the region, where we are experiencing surging interest in our products.”
Arvind Ramamurthy, chief market development officer, ADGM, says: “We look forward to seeing them make use of our robust regulatory framework, designed to support the sustainable growth of innovative firms and ensure the highest international standards of governance and compliance, which continues to set global benchmarks in the digital asset space.”
The company says the regulatory clarity is integral for accelerating the use of RLUSD in enterprise use cases, including integration into its cross-border payments solution.
The stablecoin has also received approval from other regulators within the Middle East.
RLUSD is eligible for use by authorised persons licensed by the FSRA to carry out applicable regulated activities, on the basis that they maintain and satisfy compliance requirements with firm-level regulatory obligations relating to the use of fiat-referenced tokens.
Commenting on the announcement, Jack McDonald, senior vice president of stablecoins at Ripple, says: “The FSRA’s recognition of RLUSD as a fiat-referenced token reinforces our commitment to regulatory compliance and trust — two non-negotiables when it comes to institutional finance.”
Managing director, Middle East and Africa at Ripple, Reece Merrick, adds: “This recognition is yet another step forward for Ripple’s operations in the region, where we are experiencing surging interest in our products.”
Arvind Ramamurthy, chief market development officer, ADGM, says: “We look forward to seeing them make use of our robust regulatory framework, designed to support the sustainable growth of innovative firms and ensure the highest international standards of governance and compliance, which continues to set global benchmarks in the digital asset space.”
The company says the regulatory clarity is integral for accelerating the use of RLUSD in enterprise use cases, including integration into its cross-border payments solution.
The stablecoin has also received approval from other regulators within the Middle East.
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