Ripple Aims to Expand RLUSD Stablecoin to Europe
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
Latest News
- $640 Million Flows Into Ether ETFs as Bitcoin ETFs Notch 7th Day of Gains2025-08-15 14:32:56
- Bitcoin Price Watch: BTC Consolidates Around $118.5K to $119K After Sharp Sell-Off2025-08-15 13:07:22
- Tron DAO, Justin Sun Accuse Bloomberg of False Asset Reporting2025-08-15 12:36:42
- Bullish’s Dazzling Debut Bolsters Red-Hot Year for Crypto-Linked IPOs2025-08-15 11:32:51
- BTCC Teams Up With NBA All-Star Jaren Jackson Jr. in First-Ever Sports Sponsorship2025-08-15 11:04:26