Ripple Aims to Expand RLUSD Stablecoin to Europe
2025-07-15 08:34:05
Main Idea
Ripple has applied for a license in Luxembourg to introduce its Ripple USD (RLUSD) stablecoin in Europe, aiming to comply with EU regulations and expand its market reach.
Key Points
1. Ripple seeks a license in Luxembourg to operate its RLUSD stablecoin across the European Union under MiCA regulations.
2. The license would enable exchanges and companies in Europe to include RLUSD in their operations.
3. Ripple appointed BNY as the primary custodian for the funds backing RLUSD to enhance trust and stability.
4. Luxembourg has previously licensed only one other stablecoin issuer, indicating a selective regulatory environment.
Description
Ripple has reportedly applied for a license in Luxembourg to introduce its Ripple USD stablecoin in Europe. If granted, the permit would allow the stablecoin to operate across the European Union (EU). Ripple Seeks RLUSD Entrance to Europe Through Luxembourg Ripple, one of the largest payment-driven companies in the cryptocurrency world, is reportedly making moves
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