UAE’s Zand Bank Partners with Ripple to Expand AEDZ and RLUSD Stablecoin Payments

TheNewsCryptoPublished on 2026-02-10Last updated on 2026-02-10

Abstract

UAE-based Zand Bank and Ripple have partnered to enhance cross-border payments using regulated stablecoins. The collaboration will integrate Zand’s dirham-backed stablecoin, AEDZ, with Ripple’s USD stablecoin, RLUSD, on the XRP Ledger. This initiative aims to facilitate faster, cheaper, and more accessible transactions for businesses in the UAE and surrounding regions. The partnership also includes exploring liquidity connections between AEDZ and RLUSD to enable smoother currency conversions. Both companies emphasized the role of this alliance in advancing the adoption of trusted blockchain solutions and digital assets in the region.

The Blockchain and Fintech firm Ripple and the UAE-based digital bank Zand have partnered to accelerate the region’s adoption of regulated stablecoin and other innovative solutions powered by Zand’s dirham-backed token and Ripple’s USD stablecoin.

According to the official statement released by Zand Bank on February 10, the partnership is focusing on Zand’s UAE dirham-backed token, AEDZ, which is being connected to Ripple’s US dollar stablecoin, RLUSD, and the issuance of AEDZ on the XRP Ledger, to make payments across borders faster, cheaper, and more open for companies in the UAE and surrounding regions.

Connecting AEDZ and RLUSD for Seamless Transfers

As both of the digital asset firms have earlier connections, they expanded now, and as part of the partnership, RLUSD would be supported within Zand’s regulated digital asset custody. With that, they are examining the direct liquidity connections between AEDZ and RLUSD to allow smoother transfers between dirham and U.S. dollars.

The first legal multi-chain AED-backed stablecoin on public blockchains in the United Arab Emirates is called AEDZ. It has independently audited smart contracts and reserve attestations, and it is fully backed by AED reserves maintained in segregated and regulated accounts, noted the statement.

As per the official statement, Zand CEO Michael Chan said, “Our partnership with Ripple represents a significant step forward in the growth of the digital asset ecosystem, and has the potential to revolutionize how both governments and businesses engage with trusted blockchain solutions in the UAE.”

Ripple’s Broader Strategic Initiatives

On February 9, Ripple issued an official press release detailing its broader strategic initiatives, including expanded institutional custody services with security, compliance, and staking capabilities with new partnerships, which are made specifically for institutional requirements for the improvement of institutional interest.

Highlighted Crypto News Today:

‌SwissBorg Launches Withdrawal Protection to Counter Physical Crypto Extortion

TagsAEDZRippleRLUSDUAEZand Bank

Trending Cryptos

ctr
CitreaCTR
wstusdt
wrapped stUSDTWSTUSDT
apr
aPrioriAPR
ctx
Cryptex FinanceCTX
audio
AudiusAUDIO
comp
CompoundCOMP
mantra
MantraMANTRA
waxl
AxelarWAXL
bill
Billions NetworkBILL
pyth
PYTH (Pyth)PYTH
rune
THORChainRUNE
velodrome
Velodrome FinanceVELODROME
brev
BrevisBREV
cake
PancakeSwapCAKE
jst
JUSTJST

Related Questions

QWhat is the main purpose of the partnership between Zand Bank and Ripple?

AThe partnership aims to accelerate the region's adoption of regulated stablecoins and innovative solutions by connecting Zand's AEDZ token with Ripple's RLUSD stablecoin, enabling faster, cheaper, and more open cross-border payments for companies in the UAE and surrounding regions.

QWhich two stablecoins are being connected through this partnership?

AZand Bank's UAE dirham-backed stablecoin AEDZ and Ripple's US dollar stablecoin RLUSD are being connected through this partnership.

QOn which blockchain will AEDZ be issued according to the partnership?

AAEDZ will be issued on the XRP Ledger according to the partnership agreement.

QWhat makes AEDZ unique in the United Arab Emirates' blockchain ecosystem?

AAEDZ is the first legal multi-chain AED-backed stablecoin on public blockchains in the United Arab Emirates, featuring independently audited smart contracts and reserve attestations, and is fully backed by AED reserves maintained in segregated and regulated accounts.

QWhat additional capability will Ripple's RLUSD gain through this partnership with Zand Bank?

ARLUSD will be supported within Zand's regulated digital asset custody, and the partners are examining direct liquidity connections between AEDZ and RLUSD to enable smoother transfers between dirham and U.S. dollars.

Related Reads

In Jinjiang, Fujian, a Storage Super Unicorn Lies Quiet

In Fujian's Jinjiang, a city known for sportswear, lies a quiet semiconductor giant: Fujian Jinhua Integrated Circuit Co. (JHICC). Once a promising domestic DRAM manufacturer alongside Yangtze Memory and ChangXin Memory Technologies (CXMT), its journey was derailed in 2018 when the U.S. placed it on an Entity List and filed criminal charges for alleged trade secret theft. This halted production for years. A turning point came in February 2024 when a U.S. federal court found JHICC not guilty. However, it had lost crucial time. While CXMT soared to become a top-valued A-share company in 2024, JHICC, with an estimated valuation of 80 billion RMB, was just restarting. Its current output is primarily customized DDR4 chips, not the advanced DDR5/HBM demanded for AI, but it still benefits from the broader memory chip upcycle. JHICC's story is tied to Chen Zhengkun, a veteran engineer who left Micron to lead the venture. Founded in 2016 with state-backed funding, JHICC partnered with Taiwan's UMC to develop DRAM technology. Rapid progress was cut short by the U.S. actions, which Micron initiated, partly due to its heavy reliance on the Chinese market. Post-sanctions, Chen's team worked to rebuild the production line with reduced reliance on U.S. technology. According to its records, JHICC achieved small-scale production and revenue growth under immense pressure. It now focuses on the stable "niche" DRAM market (e.g., TVs, routers) with a monthly capacity of ~40,000 wafers, aiming for 60,000 by 2026. It holds over 1,000 patents but remains on the Entity List. For Jinjiang, investing in JHICC was a bold industrial leap. The local government provided unwavering financial and logistical support during the crisis, helping the company survive. JHICC has become the anchor for a growing local semiconductor cluster. Though its scale lags behind domestic peers, JHICC's persistence symbolizes a hard-won foothold in a global market long dominated by Samsung, SK Hynix, and Micron. Having missed one boom, it seeks a place in the new AI-driven memory supercycle.

marsbit2m ago

In Jinjiang, Fujian, a Storage Super Unicorn Lies Quiet

marsbit2m ago

Amid a 38GW Power Shortage, Why Have Bitcoin Mining Facilities Suddenly Become the New Gateway to AI Compute?

Under the impending threat of a 38GW power deficit projected for US data centers between 2026-2028, decommissioned Bitcoin mining sites are emerging as critical infrastructure for AI compute. A growing number of listed North American miners—including TeraWulf, Hut 8, and Cipher Mining—are pivoting to become "Powered Shell Providers." They are repurposing their existing assets: pre-approved grid connections, land, and substations to offer ready-to-use data center shells to cloud providers and AI companies. This shift capitalizes on the severe bottleneck in securing new, large-scale power access, which can take 5-7 years. Analysts at Morgan Stanley estimate retrofitted mining facilities could supply 10-19GW of the needed capacity. The core value proposition is no longer cryptocurrency mining, but selling a scarce "time to power" advantage in the race for AI infrastructure.

华尔街日报2m ago

Amid a 38GW Power Shortage, Why Have Bitcoin Mining Facilities Suddenly Become the New Gateway to AI Compute?

华尔街日报2m ago

Michael Saylor: 'We Never Said We Would Never Sell Bitcoin'

Michael Saylor stated that his company never made a commitment to never sell its bitcoin holdings, though it expects to remain a net buyer of bitcoin long-term. His comments came following reports that the company had received new authorization to sell up to $5 billion in bitcoin. Saylor clarified that this authorization is not new and was announced on June 29th as part of the company's capital management strategy. He emphasized that the authorization permits but does not obligate sales for specific purposes and that no new approval has been announced. Saylor also noted the company never officially adopted a "bitcoin will never be sold" policy.

cryptonews.ru1h ago

Michael Saylor: 'We Never Said We Would Never Sell Bitcoin'

cryptonews.ru1h ago

The 'Summer Saw' Continues: A Break Above $67,000 Could Signal the Start of Bitcoin's Rally

Bitcoin continues to consolidate within a $58,000–$67,000 range, with its price dropping to $62,217 on August 1st. Analysts are divided on the next direction. Trader Crypto Candy suggests a potential drop towards $60,000 if the price remains below $66,000. Investor Jelle refers to the prolonged sideways movement as a "summer saw" and maintains a dollar-cost averaging strategy. The key upside scenario hinges on a breakout above $67,000. Daan Crypto Trades states that without this, the movement risks being just an extended pause. Roman projects a sharper rise to $70,000–$80,000+ if a breakout occurs with sufficient volume. Macro-analyst Gert van Lagen views this as an accumulation phase within a multi-year "cup and handle" pattern. He notes that long-term holders are refusing to sell, as indicated by the NUPL metric staying far from capitulation. In summary, the market is in an accumulation phase, with the $60,000 and $67,000 levels being critical. A break above $67,000 could initiate significant growth, while a fall below $60,000 may lead to further decline. The recent pullback shows that legislative catalysts have provided only short-lived momentum, raising questions about the sustainability of any future breakout attempts.

cryptonews.ru1h ago

The 'Summer Saw' Continues: A Break Above $67,000 Could Signal the Start of Bitcoin's Rally

cryptonews.ru1h ago

Must-Watch Events Next Week｜CLARITY Act Could Face Senate Vote; SpaceX, Circle to Report Earnings (8.3-8.9)

**Summary: Key Events and Developments to Watch (August 3-9)** The upcoming week is marked by significant financial disclosures, key legislative deadlines, and notable product updates. **Major Financial Events:** Several companies are scheduled to release their Q2 2026 earnings. American Bitcoin (ABTC) will report on August 3, followed by SpaceX and Hut 8 Mining Corp. on August 4, and Circle on August 5. Notably, a significant portion of SpaceX shares (up to 12% of total shares) will be unlocked on August 6 following their earnings release. **Key Legislative Deadline:** The U.S. Senate faces an August 7 deadline to secure 60 votes for the CLARITY Act, a bipartisan bill aiming to establish a federal regulatory framework for cryptocurrencies. The Senate may hold a full vote on the bill during the week. **Economic Data:** The U.S. July Non-Farm Payrolls report will be released on August 7, providing crucial labor market data. **Technology & Product Updates:** * **Shutdowns:** DeFi portfolio tracker Zapper and wallet app Ctrl Wallet will cease operations on August 3. * **Upgrades:** LayerZero will deprecate its v1 relayers on August 3. XRP Ledger's new version 3.3.0, featuring five new functions, is expected next week. * **AI:** Elon Musk announced that the advanced Grok 4.6 AI model is set for release around August 7. * **Bitcoin:** The BIP-110 forced signaling for a potential Bitcoin network change is scheduled to begin around August 8. **Other Notable Events:** Chinese robotics firm Unitree Tech has set its preliminary price inquiry for its IPO for August 5. South Korean exchange Upbit will delist AQT and AERGO tokens on August 3.

marsbit2h ago

Must-Watch Events Next Week｜CLARITY Act Could Face Senate Vote; SpaceX, Circle to Report Earnings (8.3-8.9)

marsbit2h ago

Trading

Spot

Hot Articles

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of S (S) are presented below.

活动图片

Top Questions

Hot Categoriesright-arrow

Hot Tagsright-arrow