🏛 Dubai Has Set Clear Rules for Stablecoins — Here’s Why It Matters

Ripple’s stablecoin, RLUSD, has been approved for use in the Dubai International Financial Centre (DIFC) by the Dubai Financial Services Authority (DFSA).

Under the current framework, only three stablecoins are accepted:

USDC

EURC

RLUSD

The rules are strict: privacy coins are not allowed, algorithmic stablecoins are excluded, and reserves cannot be backed by crypto or private credit. Only fully backed and transparent models qualify.

The broader point is simple: Dubai isn’t rejecting crypto. It’s prioritizing clarity and regulation, giving long-term access to projects that meet institutional standards.

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