Dubai Draws a Clear Line on Stablecoins

Dubai has formalized its stablecoin framework, approving Ripple’s RLUSD for use within the DIFC under DFSA oversight. Under the current rules, only three stablecoins are recognized: USDC, EURC, and RLUSD.

The framework is intentionally strict. Privacy coins are excluded, algorithmic stablecoins are not allowed, and reserves backed by crypto or private credit do not qualify. Only fully backed, transparent structures meet the requirements.

The broader signal is important: Dubai is positioning itself as a regulated, institution-friendly crypto hub. Access is open, but only for projects that reduce uncertainty rather than add to it.

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