Overview
- Ripple confirmed on Feb. 10 that it is extending its work with UAE digital bank Zand to advance use of its RLUSD dollar token and Zand’s AEDZ dirham stablecoin.
- The partners are evaluating issuing AEDZ on the XRP Ledger, with any deployment subject to compliance standards, monitoring tools, and risk controls.
- Zand is assessing support for RLUSD within its regulated digital‑asset custody to enable institutional on‑chain finance and tokenization use cases.
- The roadmap includes designing direct liquidity pathways between the USD‑ and AED‑pegged coins to support payments, settlement, and liquidity management for businesses.
- Coverage also noted a 116,661,476 XRP transfer between Binance and Kraken flagged by Whale Alert, viewed as possible OTC activity or exchange rebalancing rather than tied to the partnership.