Ripple Bags Dubai License to Offer Crypto Payments in UAE

Quick Summary:

Payments utility is also expected to drive greater stablecoin adoption in the UAE for their real time settlement value proposition.

XRP prices are up nearly 4% in the past 24 hours, beating gains in bitcoin (BTC), as the long-running Ripple vs SEC court case is reportedly reaching its final settlement stages.

That can drive further growth for Ripple’s RLUSD stablecoin — which stands at a $134 million capitalization as of Thursday (meaning an equivalent amount in USD backing).

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Article Details

Author / Journalist: Shaurya Malwa

Category: Crypto

Markets: United StatesCubaIrelandSingapore

Topics: Markets Ripple Dubai

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-13 @ 07:33:56 (1 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 264 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 14 words per sentence (average)

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

Copyright Owner: © CoinDesk

News ID: 26941799

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Main Topics: Crypto

Official Website: coindesk.com

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Headquarters: United States

News Last Updated: 13 hours ago

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