The stablecoin RLUSD under Ripple has been recognized by the Dubai Financial Services Authority.

Gate News bot message: Ripple today announced that its stablecoin RLUSD has been recognized by the Dubai Financial Services Authority (DFSA) and is now a crypto Token that can be used in the Dubai International Financial Centre (DIFC).

Ripple also pointed out that in addition to being approved today under the DFSA's encryption Token system, RLUSD is one of the few stablecoins issued under the New York Department of Financial Services (NYDFS) trust company charter.

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