Ripple Partners with Zand Bank to Enhance UAE Digital Finance Infrastructure

Ripple has announced a collaboration with Zand Bank in the United Arab Emirates to advance digital financial infrastructure. According to NS3.AI, the partnership aims to utilize Ripple's dollar-pegged RLUSD stablecoin and a proposed dirham-pegged stablecoin, AEDZ, to improve digital asset management and liquidity. The initiative will focus on integrating RLUSD within Zand's compliant digital asset custody framework and establishing liquidity connections between AEDZ and RLUSD. Furthermore, Ripple is considering issuing AEDZ on its XRP Ledger to support this collaboration.