4 days ago
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TLDR:
- RLUSD gains DFSA approval, enabling institutional use across Dubai’s financial free zone.
- Ripple aims to integrate RLUSD into payment rails to rival traditional cross-border systems.
- XRP trades in a tight $2.00–$2.50 range, with ETF speculation fueling upside potential.
- UAE stablecoin adoption rose 55% in 2024, making it a hotbed for blockchain integration.
Ripple has secured a major milestone in its global expansion strategy. The Dubai Financial Services Authority (DFSA) has approved RLUSD, Ripple’s stablecoin, as a recognized crypto token within the Dubai International Financial Centre (DIFC).
This approval gives Ripple a strategic edge in one of the world’s fastest-growing digital asset markets. Meanwhile, XRP continues trading in a tight range, with traders closely watching for potential catalysts. Market analysts suggest a possible surge could follow regulatory clarity or ETF developments.
RLUSD Approved by DFSA for DIFC Use
Ripple confirmed on June 3 that the DFSA approved RLUSD under its crypto token regime. The stablecoin will now be available for institutional use across DIFC-licensed entities.
The firm emphasized that RLUSD meets high regulatory standards, with 1:1 USD backing, audited reserves, and transparent redemption processes. Ripple stated that RLUSD aims to address the demand for secure, blockchain-based payment infrastructure.
With nearly 7,000 firms in DIFC as of late 2024, the DFSA’s decision could accelerate stablecoin integration in enterprise services. Ripple plans to integrate RLUSD into its licensed payment solution, enabling faster and more efficient cross-border transactions.
Ripple’s move follows rising stablecoin adoption in the UAE. According to regional data, stablecoin transactions rose 55% year-over-year in 2024.
The UAE’s $400 billion trade volume and progressive digital asset regulations position it as a stablecoin innovation hub. Ripple’s regional Managing Director, Reece Merrick, stated that enterprise demand for digital asset solutions remains high.
In addition to payments, Ripple is working with local entities to expand blockchain utility. This includes partnerships with firms like Ctrl Alt to support real estate tokenization projects led by the Dubai Land Department.
XRP Price Holds Range Amid Market Speculation
XRP’s price traded between $2.11 and $2.35 over the past week, according to CoinGecko. On June 3, the price dipped to $2.08 but recovered slightly to $2.20. Trading volumes surpassed $1.9 billion, with XRP seeing a 1.05% daily gain but a 4.74% weekly drop.
XRP price on CoinGeckoCrypto analyst Raven identifies two potential catalysts for XRP price movement toward $6-$7 targets.
A BlackRock XRP ETF filing, rumored, could provide upward momentum, similar to May’s rally to $2.48. Ripple’s $125 million SEC settlement finalized in August 2024 removed major regulatory uncertainty from the market.
$XRP pretty much ranging between $2.00 – $2.5 in last 3 months.
Two catalyst can bring it to the upside to my target around $6-$7+
1. XRP ETF
2. When Ripple settles the SEC case by paying $125 MILLION
RIPPLE slowly moving forward to replace SWIFT!
I will accumulate more if… pic.twitter.com/2krqBeOK5M
— Crypto Raven (@hiRavenCrypto) June 2, 2025
Ripple continues expanding its enterprise offerings through RLUSD and the XRP Ledger.
By aligning with regulatory frameworks in the U.S. and UAE, the firm aims to replace outdated payment systems. With new partnerships like Zand Bank and Mamo, Ripple is building an ecosystem for cross-border efficiency.
The DFSA’s approval marks another step in Ripple’s regional momentum. As regulatory clarity increases, RLUSD and XRP may gain broader acceptance across institutional markets.
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