Ripple Brings RLUSD to European Shores with Luxembourg As a Key Hub

Key Points

1. Ripple plans to introduce its stablecoin RLUSD to Europe through Luxembourg, applying for regulatory approval under MiCA via its entity Ripple Payments Europe SA.

2. Luxembourg's lack of stablecoin issuers presents Ripple with an opportunity to gain market share, with executives confident in RLUSD's rapid adoption due to regulatory approval.

3. Beyond Europe, Ripple is seeking regulatory acceptance for RLUSD in the Middle East and has partnered with Alchemy Pay to enable purchases via over 300 payment methods in 170 countries.

4. RLUSD has reached a supply size exceeding $500 million and is listed on major exchanges like Bitstamp, Kraken, Bitget, and Archax, with a daily trading volume around $94 million.

5. In the U.S., Ripple aims to comply with the GENIUS Act, which provides clear guidelines for stablecoins, aligning with its strategy for regulatory approval globally.