Ripple Stablecoin Could Launch in UAE Backed by Dirham for Digital Transactions

Quick Summary:

The firm recently praised the UAE’s progressive digital asset regulatory framework, which encourages blockchain innovation and stablecoin integration.

Ripple recently moved 294,000 RLUSD tokens, raising questions about a possible launch.

Ripple has maintained a strong presence in the Middle East, with notable partnerships such as the National Bank of Abu Dhabi’s adoption of its payment solutions.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Elena R

Category: Crypto

Markets: United States

Topics: News Ripple (XRP)

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 10:59:15 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 343 words

Reading Time: 2 minutes read

Sentences: 23 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 23469518

View Article Analysis

About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 23 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #112

Publisher Details

Frequently Asked Questions