Ripple Labs Expands Aggressively Overseas as Regulatory Clarity in the U.S. Remains Uncertain

While regulatory clarity in the U.S. remains uncertain, Ripple is expanding aggressively overseas. In an official blog post, the Ripple Labs team announced new partnerships with Zand Bank and Mamo in the UAE

Despite the lack of regulatory clarity in the U.S., Ripple is expanding aggressively in the Middle East.

In a recent blog post, the Ripple Labs team announced two new partnerships with Zand Bank and Mamo in the UAE, both of whom will be leveraging Ripple’s technology for cross-border blockchain settlements.

This follows Ripple’s approval from the Dubai Financial Services Agency (DFSA), which grants the firm the license to provide digital asset payment services in one of the world’s most active fintech.

Moreover, with more than $130 million in stablecoins now funded on the Hedera network and Ripple handling $70 billion in payment volume, the growth of crypto institutions continues to build silently in the background.

However, the market has yet to react to these developments. The increasing number of partnerships and product rollouts from major institutions like Ripple and Hederas have prompted crypto market experts and pundits to discuss whether XRP can reach $5, as buzz builds from both retail and institutional investors.

At press time, XRP is changing hands at $2.39, registering a minimal growth of 0.09% over the past 24 hours. After reaching a peak of around $2.64 on May 14th, XRP has been on a 3.16% decline since then.

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