Ripple's stablecoin RLUSD has received authorization for use within the Abu Dhabi Global Market (ADGM), under the oversight of the Financial Services Regulatory Authority (FSRA). This approval permits licensed entities in the ADGM to utilize RLUSD for regulated activities, contingent on adherence to regulatory requirements for fiat-backed digital assets. Jack McDonald, Ripple's senior vice president of stablecoins, emphasized that this recognition underscores Ripple's dedication to regulatory compliance and trust. Launched in December 2024, RLUSD operates on both the Ethereum and XRP Ledger blockchains. It boasts a market capitalization of $1 billion, positioning it as the fifth-largest stablecoin, although it remains significantly smaller than market leaders Tether (USDT) and USD Coin (USDC).