Ripple has secured a key regulatory win in the Gulf as Abu Dhabi’s Financial Services Regulatory Authority (FSRA) has recognized Ripple USD (RLUSD) as an “Accepted Fiat-Referenced Token,” effectively greenlisting the USD-backed stablecoin for use within Abu Dhabi Global Market (ADGM).

Ripple Adds Another Middle East Win

The designation means RLUSD can now be used by FSRA-licensed “Authorised Persons” for applicable regulated activities inside ADGM, including its use as lending collateral. Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, highlighted the significance in a post on X, calling the approval “another milestone for Ripple here in the Middle East” and noting that “RLUSD is now approved for use as lending collateral within @ADGlobalMarket.” He added that

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