Overview
- RLUSD was recognized as an Accepted Fiat-Referenced Token by the Abu Dhabi Global Market’s Financial Services Regulatory Authority, allowing FSRA-licensed Authorised Persons to deploy it for permitted activities.
- The approval targets supervised institutions rather than retail users, aligning with Ripple’s regulatory‑first design for bank-grade payments and capital markets functions.
- Use cases inside ADGM include collateral for lending, regulated settlements, custody integrations and incorporation into institutionally permissioned platforms.
- RLUSD’s circulating supply has climbed above $1 billion, with multiple outlets citing roughly $1.2 billion market cap, and its Ethereum issuance alone surpassed $1 billion this week.
- The clearance builds on earlier UAE and regional progress, including DFSA/DIFC permissions and partnerships with Zand Bank, Bahrain Fintech Bay and Absa, as the UAE tightens nationwide oversight of digital assets.