Unter anderem wegen der Besicherung durch BTC stuft S&P das Rating des führenden Stablecoins USDT auf die niedrigste Stufe herab.
Für den Datenschutz – Vitalik Buterin spendet an zwei Krypto-Messengerdienste
Vitalik Buterin spendet über 760.000 US-Dollar an zwei Krypto-Messengerdienste, die an geschützter Nachrichtenübermittlung arbeiten.
Bitcoin: Bullenmarkt schon vorbei? – Experte sieht rückläufigen Trend
Der Bullenmarkt von Bitcoin könnte vorerst vorbei sein, denn Indikatoren und Experten werden zunehmend negativ, dennoch gibt es weiterhin optimistische Stimmen.
Ripple stablecoin gains Abu Dhabi approval as UAE tightens crypto rules
- RLUSD has been recognised as an Accepted Fiat-Referenced Token in the Abu Dhabi Global Market.
- Ripple secured full regulatory approval to operate in the Dubai International Financial Centre in March.
- The DFSA allowed RLUSD to be used inside the DIFC in June.
Ripple’s dollar-pegged stablecoin has gained new regulatory acceptance in the Middle East, adding another link between traditional finance and digital assets as the UAE moves to tighten oversight of decentralised finance and Web3.
The approval allows institutions operating in Abu Dhabi’s financial free zone to use RLUSD for regulated activity, reinforcing the country’s strategy of pairing innovation with clearer rulemaking.
As the UAE reshapes how payments, lending, and custody services operate across digital systems, Ripple’s position in the region is expanding through multiple regulated hubs that already host global financial firms.
ADGM adds RLUSD to regulated activities
Ripple announced on Thursday that RLUSD is now recognised as an Accepted Fiat-Referenced Token within the Abu Dhabi Global Market.
The financial centre sits on Al Maryah and Al Reem Islands and functions as an international free zone with its own regulatory framework.
The approval was issued by the Financial Services Regulatory Authority, which supervises activities conducted within the zone.
The decision means firms licensed by the regulator can use RLUSD for services that fall under permitted activities, provided they meet requirements set for fiat-referenced tokens.
These include rules linked to reserve management, transparency, and disclosures.
Ripple said RLUSD currently holds a market capitalisation above one billion dollars and is being adopted for uses such as collateral and payments.
RLUSD was launched in late 2024. It is pegged 1:1 to the US dollar and backed entirely by cash and equivalents.
The stablecoin is issued under a limited-purpose trust charter from the New York Department of Financial Services, which sets the conditions for custody and reserve safeguards.
Ripple widens presence across UAE financial hubs
The recognition in Abu Dhabi adds to Ripple’s regulatory progress across the UAE’s digital-asset ecosystem.
In October 2024, the company confirmed it was pursuing a licence from the Dubai Financial Services Authority to expand its services in the country.
It secured in-principle approval later that month as part of its plan to operate inside Dubai’s major financial zone.
By March, Ripple had received full regulatory approval to provide cross-border crypto payment services within the Dubai International Financial Centre.
The DIFC runs under its own rulebook and is widely used by global firms looking to serve markets across the Middle East, Africa, and South Asia.
In June, the DFSA permitted RLUSD to be used for regulated activities within the DIFC.
This allowed companies operating inside the zone to integrate the stablecoin into services involving payments and treasury functions.
Ripple also brought in Zand Bank and the fintech app Mamo as early adopters of Ripple Payments, its blockchain-powered system designed for institutional transfers.
UAE expands its national approach to crypto supervision
The UAE is now combining approvals inside its financial zones with a nationwide framework that brings more of the digital-asset market under central oversight.
Earlier this week, authorities introduced a new central bank law that formally places decentralised finance and a wide portion of Web3 activity within a regulated structure.
Federal Decree Law No. 6 of 2025 has been in force since September 2025.
It requires platforms, infrastructure providers, and protocols involved in lending, custody, exchanges, payments, or investment services to obtain licences from the Central Bank of the UAE by September 2026.
The move sets a unified expectation for businesses operating across digital finance.
Stablecoin use grows as rules become clearer
The combination of ADGM recognition, DIFC approval, and a nationwide regulatory framework positions RLUSD to play a larger role in institutional financial services across the UAE.
With regulated firms in multiple zones now able to use the stablecoin for defined activities, Ripple’s expansion reflects the broader shift in the country’s approach to digital assets.
The new law signals that the UAE is looking to support innovation while ensuring that digital-asset operations follow the standards applied to other financial services.
RLUSD’s clearance inside Abu Dhabi arrives at a moment when regulated stablecoins are increasingly used for settlement, payments, and collateral across international markets.
The post Ripple stablecoin gains Abu Dhabi approval as UAE tightens crypto rules appeared first on CoinJournal.
South Korea’s Upbit hack puts spotlight on Solana security and exchange safeguards
- About 54 billion won in tokens moved to an external wallet on Nov. 27.
- Around 12 billion won in Solaire tokens have been frozen so far.
- The breach coincided with Dunamu’s major merger plans with Naver.
Upbit, South Korea’s largest crypto exchange, is carrying out extensive security inspections after an early-morning breach on Nov. 27 led to unauthorised transfers of Solana-linked assets worth about 54 billion won.
The exchange halted all deposits and withdrawals as it began moving digital assets to cold storage and initiated a broader internal review.
The incident has renewed attention on how Solana-based tokens are secured across trading platforms and has placed pressure on Upbit to strengthen systems as the company enters a major corporate transition involving its parent firm, Dunamu.
Solana assets targeted in early transfer
The breach took place at around 4:42 am on Nov. 27 when Solana network assets, including SOL, USDC, and other smaller tokens, were moved to an external wallet without authorisation.
Upbit described the activity as abnormal withdrawals connected to the Solana network.
The exchange confirmed that roughly $37 million worth of digital assets had been affected.
Upbit immediately suspended services to stop further transfers.
It said it has identified the entire scale of the outflow and will fully compensate users by covering the amount with its own holdings.
Customer balances will not be touched as part of the reimbursement process.
To control risk, the exchange transferred assets to cold storage and started a systemwide inspection of its wallet operations, deposit channels, and withdrawal procedures.
These steps were taken to prevent any further unauthorised movement and to contain the situation while teams examined logs and asset flows.
System checks widen beyond the Solana network
Upbit said its investigation will not be restricted to the Solana ecosystem.
It is reviewing the stability and security of the complete deposit and withdrawal infrastructure. This includes a detailed audit of network connections, wallet systems, and digital asset storage methods.
The exchange has begun an emergency sweep of internal processes and is carrying out a full evaluation of whether other networks require additional protections.
Deposits and withdrawals will resume gradually once the inspections conclude and the company is satisfied with system security.
The timing has amplified industry attention.
The breach occurred one day after Dunamu announced plans for a multibillion-dollar merger with Naver’s fintech arm.
The deal, valued at about $10.3 billion, represents one of the largest corporate moves in Asia’s digital finance landscape.
Reports suggest it may support Upbit’s ambitions for a future Nasdaq listing, creating pressure for the company to demonstrate resilience during a sensitive transition.
Freeze efforts expand as authorities prepare response
Upbit has started on-chain measures to track and freeze the affected assets.
It said around 12 billion won in Solaire tokens have already been frozen, and it continues to work with related projects and institutions to stop further movement.
The exchange is tracing the remaining funds through blockchain monitoring tools and coordinating with partners to identify additional freeze points.
Authorities and law enforcement agencies are also expected to join the investigation.
Upbit has prepared to cooperate with official inquiries once they begin and has asked users to report any verified information linked to the suspicious transactions.
The company acknowledged the disruption caused by the suspension of services and repeated that member assets remain protected.
It also stressed that the entire outflow will be covered using the exchange’s own resources.
Major merger plans heighten timing pressure
The breach took place on the anniversary of a major incident in Upbit’s history.
In 2019, on the same date, the exchange lost 342,000 ETH in another high-profile theft.
South Korean investigators later connected the event to North Korean hackers.
The stolen Ether has since increased in value to over $1 billion and remains one of the largest crypto heists associated with the country.
With deposits and withdrawals still paused, Upbit plans to restore services in stages after it completes its full review.
The exchange said its priority is to secure its infrastructure across all supported networks and to strengthen safeguards around Solana-linked assets while recovery and freeze efforts continue.
The post South Korea’s Upbit hack puts spotlight on Solana security and exchange safeguards appeared first on CoinJournal.