RLUSD | Crypto

Ripple’s stablecoin RLUSD expanded its circulating supply by 29% in the week ended June 8, adding $72.5 million and closing at $320.6 million. The movement marks the first time the token’s float crossed the $300 million threshold. Additionally, it represents a sixfold increase since the launch of RLUSD on Dec. 17, 2024. Data from Artemis […] The post RLUSD surpasses $300M supply as Ripple secures UAE backing appeared first on CryptoSlate.

RLUSD stablecoin has won simultaneous clearance from Dubai’s DFSA and New York’s NYDFS, giving Ripple a regulatory edge in the $160 billion stablecoin sector. The approval has allowed 7,000 DIFC firms to route low-cost cross-border payments, while growing UAE demand challenges Tether’s dominance. The post Ripple Scores Key Regulatory Win in the Middle East – Here’s What It Means for RLUSD appeared first on Cryptonews.

Ripple’s RLUSD stablecoin will support the Dubai Land Department’s blockchain initiative to tokenize real estate title deeds on the XRP Ledger. The Dubai Financial Services Authority (DFSA), the financial regulator in charge of the Dubai International Financial Centre (DIFC), has approved Ripple’s RLUSD stablecoin.  Following the approval, DIFC companies can now use the RLUSD stablecoin for various virtual asset services. These may include payments, treasury management and services. The DIFC is a free economic zone and financial district that serves companies throughout the Middle East, Africa and South Asia. The financial zone had nearly 7,000 registered businesses by the end of 2024. Read more

Bitget has broadened its regulated-asset lineup by adding Ripple’s RLUSD, a dollar-pegged stablecoin held in segregated reserves and issued via a NYDFS-chartered trust on both the XRP Ledger and Ethereum. The move has underlined shifting institutional preference toward transparent, utility-focused tokens. The post Bitget Lists Ripple’s RLUSD, Igniting the Race for Regulated Stablecoins appeared first on Cryptonews.