| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107208.5600000000 |
| ETH | $2426.3300000000 |
| BNB | $647.2794300000 |
| XRP | $2.1772310000 |
| ADA | $0.5631722000 |
| SOL | $149.6597000000 |
| DOGE | $N/A |
| DOT | $3.3886900000 |
| LTC | $85.9160000000 |
| LINK | $13.3216600000 |
Category: CRYPTO NEWS
The post XRP Price Eyes $3 Breakout As RLUSD Gains Traction With UAE Approval appeared on BitcoinEthereumNews.com. Key Insights XRP price gears up for a rally as Ripple’s RLUSD receives approval from Dubai’s DFSA for use in the DIFC. XRP price holds $2.14, with a breakout above $2.30 signaling targets of $2.50, $2.65, and $3.00. UAE stablecoin transactions grew 55% in 2024, highlighting rising demand for blockchain-based payment solutions. XRP price is showing bullish signs as Ripple’s stablecoin RLUSD receives approval from the Dubai Financial Services Authority (DFSA) for use within the Dubai International Financial Centre (DIFC). This development may support XRP’s momentum as the token holds key support and approaches a breakout level, with investors watching closely for a confirmed move toward the $3 mark. During writing, XRP traded at around $2.14. RLUSD Receives Approval From Dubai’s Financial Regulator Ripple has announced that its USD-backed stablecoin RLUSD is now approved as a recognized crypto token under the DFSA’s crypto token regime. This approval allows RLUSD to be used within the DIFC by DFSA-licensed virtual asset firms, sparking discussions over its potential impact on XRP price. Ripple said the decision reflects RLUSD’s compliance-focused approach, including 1:1 USD reserves, strong asset management, and regular third-party audits. Jack McDonald, Ripple’s Senior Vice President of Stablecoins, stated, “The DFSA’s approval of RLUSD is proof of our commitment to building a stablecoin that meets the highest standards of trust, transparency, and utility.” RLUSD has also been issued under the New York Department of Financial Services (NYDFS) Trust Company Charter, placing it among a small group of stablecoins operating under such regulatory oversight. Source: X The approval adds to Ripple’s expanding presence in the Middle East. Ripple recently onboarded Zand Bank and Mamo as the first UAE-based clients to use its blockchain-powered payment solutions. These developments follow growing interest in the region for digital assets and stablecoin use in cross-border transactions. Ripple…
2025-06-04T03:37:28+00:00