US-Based Ripple Secures License for Blockchain-Powered Payments in UAE
Ripples is the first blockchain-powered payments provider authorised to operate its cross-border platform across the UAE.
US-based platform Ripple has secured licensing from Dubai’s Financial Services Authority (DFSA), becoming the first blockchain-powered payments provider authorised to operate its cross-border platform, Ripple Payments, across the UAE.
The approval grants Ripple access to the UAE’s $400 billion international trade corridor and its $40 billion annual remittance flow, where businesses can now leverage faster, cost-efficient blockchain transactions under full regulatory oversight.
The licence solidifies Ripple’s foothold in the Middle East, a region accounting for 20% of its global client base since opening its Dubai office in 2020. With the UAE’s progressive regulatory framework, enterprise adoption, and tech-savvy demographic, Ripple aims to accelerate institutional use of digital assets. Central to this push is RLUSD, its forthcoming USD-backed stablecoin, designed to facilitate secure, scalable settlements for banks and fintechs navigating the Gulf’s high-volume trade and remittance demands.
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