🔵 Ripple Expands UAE Footprint With Zand Bank
Ripple is deepening its partnership with UAE-based Zand Bank, with a strong focus on RlUSD adoption and support for Zand’s local stablecoin AEDZ (Zand AED).
📌 Key Highlights
Ripple will support
$RLUSD within Zand’s regulated digital asset custody
Zand’s AEDZ stablecoin will be issued on the XRP Ledger
Direct liquidity solutions will be built for AEDZ (AED-denominated)
Partnership targets payments, custody, stablecoins, and tokenization
Ripple’s MEA head Reece Merrick confirmed that multiple initiatives are planned, signaling deeper institutional use of XRPL in the region.
🏦 Why It Matters This move strengthens:
Stablecoin utility on XRPL
Ripple’s role in the UAE digital economy
Real-world adoption of blockchain-based finance
🔄 Meanwhile on-chain
116.6M XRP (~$166M) moved between Binance and Kraken
Likely liquidity rebalancing or OTC activity
Comes after XRP’s recent sharp correction and sideways consolidation
Ripple continues to position XRPL at the center of institutional finance and stablecoin infrastructure.
#XRP #Ripple #RLUSD #XRPL #Write2Earn $XRP $RLUSD