The rise of stablecoins in finance continues. Heading to the United Arab Emirates (UAE), where the Financial Services Regulatory Authority (FSRA) of Abu Dhabi recognized, this Thursday, November 27, 2024, Ripple's stablecoin (RLUSD) as a fiat-referenced token.What is a Stablecoin? A stablecoin is a cryptocurrency whose price is pegged to a fiat currency such as the dollar or euro to guarantee a stable value. To avoid fluctuations in its price, the stablecoin is generally backed by cash, cash ...

The rise of stablecoins in finance continues. Heading to the United Arab Emirates (UAE), where the Financial Services Regulatory Authority (FSRA) of Abu Dhabi recognized, this Thursday, November 27, 2024, Ripple's stablecoin (RLUSD) as a fiat-referenced token.What is a Stablecoin? A stablecoin is a cryptocurrency whose price is pegged to a fiat currency such as the dollar or euro to guarantee a stable value. To avoid fluctuations in its price, the stablecoin is generally backed by cash, cash ...