Ripple’s Middle East and Africa boss has a blunt message for the banking sector: if you still do not have a stablecoin strategy, you are already behind the curve.

“Look, I think there’s no bank, financial institution, payment entity that is not thinking, talking or incorporating a stablecoin strategy,” Ripple’s Reece Merrick told CNBC in Abu Dhabi. “And quite frankly, if they’re not, they will get left behind.”

Ripple’s Advantage In The Stablecoin Space

The interview came right after a significant regulatory win. Ripple’s USD-backed stablecoin, RLUSD, has been recognized by Abu Dhabi’s Financial Services Regulatory Authority (FSRA) as an “Accepted Fiat-Referenced Token,” allowing ADGM-licensed institutions to use it for regulated financial activity. For Ripple, this is less about mark

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