RLUSD
Ripple has obtained licenses allowing Singapore businesses to use XRP and RLUSD as approved settlement options, marking a regulatory milestone. The move could broaden on-ramps and corporate use of digital assets for payments and treasury functions.
Ripple’s dollar-pegged RLUSD has received official approval for use in Abu Dhabi Global Markets, advancing the firm's push into key international financial centres. The move could accelerate RLUSD adoption for payments and settlement in the MENA region.
Gemini has filed for a Nasdaq IPO under the ticker GEMI, securing a $150 million credit line from Ripple linked to its stablecoin RLUSD. This move aims to strengthen Gemini's finances and support expansion in the crypto market, with top financial firms overseeing the IPO process.