Dubai Grants Ripple License to Operate Crypto Payments Across UAE

Ripple Gains Regulatory Approval in Dubai to Offer Crypto Payments in UAE

Ripple has secured a key regulatory milestone by obtaining approval from the Dubai Financial Services Authority (DFSA) to provide crypto payment services in the UAE. This makes Ripple the first blockchain-powered payments company to be licensed by the regulator.

“As global regulatory clarity improves and institutional adoption accelerates, we are entering a transformative period for the crypto industry,” said Ripple CEO Brad Garlinghouse. “The UAE’s proactive approach to fintech and digital assets makes it a leading market for innovation and growth.”

The Middle East has become a major market for Ripple, with nearly 20% of its global customer base already operating in the region.

Stablecoins to Benefit from Real-Time Settlement Demand

The growing demand for seamless digital payments in the UAE is expected to drive increased adoption of stablecoins, given their ability to enable real-time settlements. Ripple’s RLUSD stablecoin, which currently has a $134 million market capitalization backed by USD reserves, could see further growth as adoption accelerates.

Strengthening Global Regulatory Footprint

Ripple’s DFSA license adds to its expanding list of over 60 regulatory approvals worldwide, including:

A Major Payments Institution license from the Monetary Authority of Singapore (MAS)
A Trust Charter from the New York Department of Financial Services (NYDFS)
A Virtual Asset Service Provider (VASP) registration from the Central Bank of Ireland
Multiple Money Transmitter Licenses (MTLs) across several U.S. states

With these approvals, Ripple continues to strengthen its position as a compliant global payments leader.

XRP Gains Amid Ripple vs. SEC Case Developments

XRP has risen nearly 4% in the past 24 hours, outpacing bitcoin (BTC), as reports indicate that Ripple’s long-standing legal dispute with the U.S. Securities and Exchange Commission (SEC) may be nearing a final settlement.