Ripple's stablecoin RLUSD has been approved for use as a recognized fiat-pegged token in the Abu Dhabi Global Market.

Ripple has announced that its US dollar-backed stablecoin, Ripple USD (RLUSD), has been recognized as an “approved fiat-pegged token” by the Abu Dhabi Financial Services Regulatory Authority (FSRA) and can be used within the Abu Dhabi Global Market (ADGM), an international financial center in Abu Dhabi, the capital of the United Arab Emirates (UAE).