XRP Price Jumps After Dubai Approves RLUSD Stablecoin

XRP surges as Dubai’s DIFC approves Ripple’s RLUSD stablecoin for institutional use, boosting global expansion.
XRP Price Jumps After Dubai Approves RLUSD Stablecoin

Highlights

  • Ripple’s RLUSD stablecoin gets DFSA approval in DIFC, boosting global institutional adoption.
  • VivoPower and Webus allocate $121M and $300M, respectively, to XRP treasury strategies.
  • Germany’s DZ Bank adopts Ripple’s custody platform, managing over €350B in assets.

XRP price has surged following the news that Dubai’s Dubai International Financial Centre (DIFC) granted regulatory approval to Ripple’s stablecoin, RLUSD. This approval marks a significant step in Ripple’s global expansion, especially within the UAE and other key regions.

The positive market reaction underscores growing confidence in Ripple’s compliant digital asset solutions, bolstered by developments such as this one.

Advertisement
Advertisement

Ripple’s RLUSD Gets Regulatory Approval in Dubai

Ripple’s RLUSD stablecoin has been approved by Dubai Financial Services Authority (DFSA) in the Dubai International Financial Centre (DIFC). It is a stablecoin, pegged at 1:1 to the U.S. dollar, with liquid reserves to back the value of it and is intended for institutional usage.

In its official announcement, Ripple praised the approval of RLUSD stating that it would help widen Ripple’s footprint and facilitate compliance across various markets of the world.

In addition to oversight from the DFSA in the UAE and the New York Department of Financial Services (NYDFS) in the US, this stablecoin is subject to the RLUSD token and stringent regulatory standards. Ripple stated specifically, however, that this stablecoin is not intended for retail speculation but for institutional users, reinforcing Ripple’s dedication to transparency and regulatory compliance.

Advertisement
Advertisement

XRP and Institutional Demand Show Signs of Growth

XRP price has shown significant bullish momentum following Ripple’s success in securing regulatory approval for RLUSD. This XRP price movement is attributed to increasing institutional interest in XRP, as several companies are adopting XRP-based treasury strategies.

For instance, VivoPower, a publicly listed renewable energy company, recently allocated $121 million to an XRP-focused treasury reserve. Likewise, Webus International, a China-based firm, raised $300 million through non-equity financing, with plans to establish an XRP reserve. Such moves reflect the growing interest in XRP as a valuable asset in institutional portfolios.

Another noteworthy development is the adoption of Ripple’s technology by DZ Bank, Germany’s second-largest bank, with over €350 billion in assets. According to sources, DZ Bank has chosen Ripple’s digital asset custody platform for its first full-scale rollout in Europe.

XRP Price Outlook Amid Growing Optimism

XRP price has been on the rise, benefiting from a favorable environment created by regulatory wins and increasing institutional interest. With Ripple expanding its regulatory footprint in regions like Dubai and receiving high-profile institutional endorsements, XRP’s price could continue to appreciate.

Image

XRP’s price trend has shown resilience and upward momentum, with some analysts predicting that it could reach $10–$15, especially if current market conditions hold. The ongoing approval of Ripple’s solutions in various jurisdictions and the growing institutional demand for XRP-related treasury strategies suggest that Ripple could maintain its bullish outlook soon.

However, like any digital asset, XRP’s price is still subject to market volatility. Despite this, the recent approval of RLUSD in Dubai, coupled with the adoption of Ripple’s technology by DZ Bank and other institutions, enhances Ripple’s position in the market and strengthens the case for further XRP price growth in the coming months.

Advertisement
Kelvin Munene Murithi
Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.