Ripple Targets New License to Drive EU Expansion for XRP and RLUSD

Key Points

1. Ripple plans to secure a MiCA license to streamline its operations across the EU and EEA, following its registration as a VASP in Ireland in December 2023.

2. The MiCA framework, effective December 2024, provides a harmonized licensing regime, facilitating Ripple's expansion and integration into Europe's financial systems.

3. XRP remains central to Ripple's liquidity solutions, particularly in its On-Demand Liquidity (ODL) product, which is used in several payment corridors.

4. A crypto researcher noted that XRP will be classified as a utility token under MiCA, potentially increasing its attractiveness for cross-border payments in the EU.

5. Ripple established Ripple Payments Europe S.A. in Luxembourg, reinforcing its commitment to a regulated presence in the EU and embedding XRP in compliant asset use.