Ripple gains UAE license while XRP holds $2.19. Learn how DFSA approval and Ripple’s new stablecoin could reshape blockchain finance...Maham Arslan•S
Quick overview
Ripple gains UAE license while XRP holds $2.19. Learn how DFSA approval and Ripple’s new stablecoin could reshape blockchain finance in the Gulf.
Ripple just made history. On May 1, the blockchain payments company became the first to get a license from the Dubai Financial Services Authority (DFSA).
That means Ripple can now operate in the UAE—a region that processes over $400 billion in annual trade and $40 billion in remittances. Big win for Ripple, and a sign the Middle East is becoming a major fintech hub.
The license allows Ripple to offer its Ripple Payments platform under a regulated umbrella, giving businesses in the UAE an efficient, blockchain-powered tool for cross-border transactions.
Since opening its Dubai office in 2020, Ripple’s local base now accounts for 20% of its global customer activity, so the Gulf is clearly important for blockchain adoption.
Blockchain Enters the Mainstream
The DFSA approval isn’t just symbolic—it validates blockchain as a serious tool for international finance. Ripple’s regulatory green light will fuel broader institutional adoption and make Dubai a sandbox for next-gen financial technology.
Here’s what the license enables:
- Faster and cheaper remittance options for businesses
- More trust among banks and regulators
- A clear path for other blockchain companies to get legit
This also puts Ripple as a benchmark for how crypto companies can operate in compliance-first jurisdictions. It’s not just about innovation—it’s about responsible innovation.
XRP/USD
RLUSD Stablecoin Unleashed
Ripple isn’t stopping with licensing. The company also launched RLUSD, a USD-backed stablecoin for institutions. Think of it as a tool for stable, compliant payments—especially in regions with volatile currencies or slow banking rails.
RLUSD integrates seamlessly with Ripple Payments and is fully backed by dollar reserves. The idea is to offer predictability and speed for businesses doing cross-border settlements.
Why RLUSD matters to UAE businesses:
- Minimizes currency risk
- Cuts transaction costs
- Compliant with DFSA standards
As Gulf countries move towards digital finance, Ripple’s dual rollout—regulated payments and a stablecoin—could accelerate crypto’s role in regional trade.
XRP Price: Waiting for Confirmation
At the moment XRP/USD is trading at $2.1925 with buyers and sellers in a stalemate. The token is between the 50 EMA at $2.2135 and the 200 EMA at $2.1806, so consolidation. The pivot is at $2.2166 just above the current price.
Resistance levels:
- Immediate: $2.2566
- Next: $2.3150
Support levels:
- Immediate: $2.1806 (200 EMA)
- Next: $2.1264
Until XRP breaks the pivot with volume, this range bound setup is a caution. Momentum is low, wait for confirmation before entering.
Maham Arslan
Crypto News Writer | Blockchain & Web3 Reporter
Maham is a crypto news writer and market analyst specializing in breaking down the latest developments across blockchain, digital assets, and decentralized finance (DeFi). With hands-on experience covering high-impact stories—from regulatory shifts and token launches to macro-driven price movements—she delivers timely, accurate, and SEO-optimized content for fast-growing crypto media platforms.Her expertise lies in producing daily news reports, price predictions, technical summaries, and coverage of market-moving events. Maham tracks real-time updates across global newswires, X (Twitter), and on-chain data to provide actionable insights tailored for retail traders, crypto enthusiasts, and institutional readers.With a strong grasp of crypto fundamentals and Web3 trends, she delivers content that’s informed, accessible, and always on time.
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