Stablecoin RLUSD approved for use in Dubai Financial Center

Odaily News RLUSD has been authorized for use in one of Dubai's largest special economic zones. According to a statement on Tuesday, Ripple's dollar-pegged stablecoin RLUSD has been approved by the Dubai Financial Services Authority to become a payment channel within the Dubai International Financial Center, expanding the company's influence in the Middle East. The approval of the Dubai Financial Services Authority (DFSA) allows RLUSD to access Ripple's DFSA-licensed payment platform. (The Block)