Ripple is expanding its UAE partnership with Zand Bank to roll out dollar- and dirham-pegged stablecoins, boost cross-currency liquidity, and enable regulated on-chain asset issuance as institutions move tokens onto blockchain rails.
Ripple and UAE digital bank Zand are expanding their collaboration to link Ripple’s RLUSD with Zand’s AED-backed stablecoin AEDZ on the XRP Ledger under a regulated framework. The integration targets improved liquidity and regulated on‑ramps for AED and USD stablecoins in the region.
Zand Bank has received regulatory clearance from the Central Bank of the UAE to issue a dirham‑backed stablecoin that will operate across multiple blockchains. The approval underscores growing official support for tokenized fiat in the UAE and could expand on‑chain payment and liquidity options.