According to @CoinMarketCap, Abu Dhabi’s Financial Services Regulatory Authority has recognized Ripple’s RLUSD stablecoin as an Accepted Fiat-Referenced Token, allowing its use within the Abu Dhabi Global Market international financial centre (source: @CoinMarketCap on X, Nov 27, 2025). Under the FSRA framework, an Accepted Fiat-Referenced Token is a fiat-pegged token approved for use by ADGM-authorised firms subject to reserve, disclosure, and risk management requirements, creating compliant rails for institutional usage (source: ADGM FSRA guidance on Fiat-Referenced Tokens and Virtual Asset Activities). For traders, the recognition provides a regulated USD-pegged settlement option for ADGM-based market participants, which is relevant for liquidity management and pricing of USD pairs across MENA venues operating under the FSRA perimeter (source: ADGM FSRA framework; @CoinMarketCap).