#UAENEWS UAE’s Ripple Integration and Institutional Backing

Pumpius stated that during the 2010s, the UAE partnered with Ripple through entities such as UAE Exchange, using RippleNet for faster remittance flows. He added that by 2020, banks in Abu Dhabi were testing XRP for liquidity in international transfers. He also pointed to Ripple establishing its regional headquarters in the Dubai International Financial Centre after securing a license from the Dubai Financial Services Authority.In addition, Pumpius highlighted RLUSD, Ripple’s USD-backed stablecoin, noting that Dubai has recognized the stablecoin as an accepted fiat equivalent. Also, he referenced that Zand Bank integrated RLUSD for payments and that global players like Binance have connected RLUSD to the XRP Ledger. He argued that RLUSD strengthens XRP’s real-world utility and reduces reliance on dollar-dominated systems.#