On July 15, Cointelegraph reported that payment solutions company Ripple has confirmed plans to apply for a Markets in Crypto-Assets (MiCA) license to expand into the EU market. A Ripple spokesperson stated that the company intends to "achieve MiCA compliance" because it recognizes that "there are significant opportunities in the European market." This announcement comes as Ripple completed the registration of Ripple Payments Europe S.A. in Luxembourg at the end of April this year. [BlockBeats]

According to Cointelegraph, payment solutions company Ripple has confirmed plans to apply for a Markets in Crypto-Assets (MiCA) license to expand into the EU market. [Foresight News]

Ripple confirms plans to apply for MiCA license to expand EU market

On July 15, Cointelegraph reported that payment solutions company Ripple has confirmed plans to apply for a Markets in Crypto-Assets (MiCA) license to expand into the European Union market. A Ripple spokesperson stated that the company intends to "achieve MiCA compliance" because it recognizes that "there are significant opportunities in the European market." This announcement comes as Ripple completed the registration of Ripple Payments Europe S.A. in Luxembourg at the end of April this year. [BlockBeats]

MAG7.SSI

Ripple Confirms Plans to Apply for MiCA License to Expand EU Market

Payment solutions company Ripple has confirmed its intention to apply for a Markets in Crypto-Assets (MiCA) license to expand into the EU market. A Ripple spokesperson stated that the company intends to comply with MiCA rules, as there are significant opportunities in the European market. Previously, it was reported that Ripple had applied for an electronic money institution license in Luxembourg, but the company declined to confirm or deny this news, stating only that it "currently has no updates to disclose." (Cointelegraph) [Odaily Planet Daily News]

Ripple plans to apply for a MiCA license to expand its EU market.

On July 15, according to Cointelegraph, payment solutions company Ripple has made it clear that it intends to apply for a license under the Markets in Crypto Assets Regulation (MiCA) to expand into the EU market. A Ripple spokesperson said the company intends to "comply with MiCA" because it sees "significant opportunities in the European market." This statement was released after Ripple registered Ripple Payments Europe SA in Luxembourg at the end of April. On Tuesday, industry media Ledger Insights reported that Ripple has applied for an electronic money institution license in Luxembourg. In response, Ripple neither confirmed nor denied it, only responding that "there is no latest news at the moment." [PANews]

COIN

Ripple confirms intention to apply for MiCA license to expand in EU

Ripple told Cointelegraph it will apply for a MiCA license to expand its crypto and stablecoin operations across the European Economic Area.

Ripple confirms intention to pursue MiCA license for EU expansion

On July 15 (UTC+8), Ripple applied for an electronic money license in Luxembourg, planning to introduce its stablecoin RLUSD to the European market. If approved, the license will allow RLUSD to operate throughout the European Union, complying with the EU's Markets in Crypto-Assets (MiCA) regulation. In April of this year, Ripple established a subsidiary called Ripple Payments Europe SA in Luxembourg, which appears to be in preparation for the aforementioned license application. Luxembourg has a large number of banking institutions, providing stablecoin issuers with a variety of options for storing reserve funds, in compliance with MiCA's requirement that stablecoin issuers must deposit at least 60% of their reserves in banks. A Ripple spokesperson said, "We see a huge opportunity in the European market and plan to comply with MiCA regulations." Last week, Ripple also appointed New York Community Bank as the primary custodian of the funds behind RLUSD. (Source: TechFlow) [MetaEra]

RLUSD

Ripple applies for Luxembourg license, plans to expand RLUSD stablecoin to Europe

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On July 15th, Ripple has applied for an electronic money license in Luxembourg, planning to introduce its stablecoin RLUSD to the European market. If approved, the license will allow RLUSD to operate throughout the European Union, complying with the EU's Markets in Crypto-Assets (MiCA) regulations.
In April of this year, Ripple established a subsidiary in Luxembourg called Ripple Payments Europe SA, which appears to be in preparation for the aforementioned license application. Luxembourg has a large number of banking institutions, providing stablecoin issuers with a variety of options for storing reserve funds, in accordance with MiCA regulations that require stablecoin issuers to hold at least 60% of their reserves in banks.
A Ripple spokesperson said, "We see a huge opportunity in the European market and plan to comply with MiCA regulations." Last week, Ripple also appointed the Bank of New York as the primary custodian of the funds behind RLUSD.
</div> [TechFlow]

According to Bitcoin.com News, Ripple has applied for an electronic money license in Luxembourg, planning to introduce its stablecoin RLUSD to the European market. If approved, the license will allow RLUSD to operate throughout the European Union, complying with the EU's Markets in Crypto-Assets (MiCA) regulation. In April of this year, Ripple established a subsidiary in Luxembourg called Ripple Payments Europe SA, a move that appears to be in preparation for the aforementioned license application. [Foresight News]

HIGHLIGHTS Ripple is targeting Luxembourg as its entry point for RLUSD’s European rollout under new MiCA regulations. Luxembourg’s global banking ecosystem, including Ripple partner BNY Mellon, makes it ideal for stablecoin reserve compliance. RLUSD’s launch aligns with broader stablecoin developments, including the U.S. GENIUS Act and the EU’s MiCA regulation. Ripple is expanding into the European market with its RLUSD stablecoin. It is focusing on Luxembourg as its entry point under the new MiCA rules. This move shows Ripple's goal to establish RLUSD as a fully compliant solution for cross-border digital assets.
RLUSD Set for EU Debut via Luxembourg
In a recent post from Ledger Insights, Ripple confirmed that it has started plans to integrate RLUSD into the EU via Luxembourg. The company had initially established Ripple Payments Europe SA in Luxembourg in April, marking the start of its EU expansion process.

The application for an Electronic Money Institution (EMI) licence, which would allow RLUSD to conduct business as usual throughout all 30 European Economic Area (EEA) nations, is anticipated to be handled by this new organisation.
A spokesperson for Ripple noted that this represents a significant opportunity in the European market, and the company intends to become MiCA-compliant, underscoring its strategy of working alongside regulators rather than circumventing them.
Despite having very few stablecoin issuers, Luxembourg offers Ripple several essential benefits. The country is a significant financial center where numerous global banks, including Ripple's partner BNY Mellon, are based. This strong network of banks is crucial for meeting EU rules that require stablecoin issuers to keep significant and diverse reserves across different institutions.

Luxembourg's extensive international banking ecosystem makes it an appealing choice for Ripple to support the expansion of RLUSD throughout the region, even though France leads in EMI licenses because of its concentration of systemically important banks.

EMEA Senior Counsel Chris Myers, a senior staff member in Luxembourg, supports Ripple’s regulatory-first strategy. He will help guide RLUSD through the EMI licensing process with Luxembourg’s CSSF regulator.
RLUSD Momentum Grows with More Milestones
Ripple is expanding its efforts beyond Europe. In Dubai, RLUSD has been recognized as a crypto token, which supports the city’s image as a growing digital asset center. To help more people use RLUSD, Alchemy Pay has teamed up with Ripple to add fiat on-ramps. This move will enable users in over 170 countries to purchase RLUSD directly using more than 300 local payment methods, significantly reducing barriers to global cryptocurrency participation.

With listings on exchanges like Bitstamp, Kraken, Bitget, and Archax, RLUSD has experienced early traction since its launch. The stablecoin has already reached a supply of over $500 million. It boasts daily trading volumes of nearly $94 million, according to CoinMarketCap data.

Ripple’s RLUSD expansion comes alongside other significant developments in stablecoins. This includes the approval of the GENIUS Act in the U.S., which may introduce more straightforward national guidelines. Meanwhile, the EU’s MiCA regulation establishes a harmonized framework aimed at enhancing investor protection and transparency across digital assets. [Ledger Insights]

Just-In: Ripple Debuts EU Expansion for RLUSD Stablecoin Via Luxembourg

<img>Ripple told Cointelegraph it will apply for a MiCA license to expand its crypto and stablecoin operations across the European Economic Area.

7月15日，Cointelegraph报道，支付解决方案公司Ripple已确认计划申请Markets in Crypto-Assets (MiCA)牌照，以便拓展欧盟市场。 一位Ripple发言人表示，公司打算“实现MiCA合规”，因为他们认识到“欧洲市场存在重大机遇”。 该声明发布之际，Ripple于今年4月底完成了在卢森堡注册Ripple Payments Europe S.A.的手续。 [BlockBeats]

Ripple确认计划申请MiCA许可证，以拓展欧盟市场

7月15日，Cointelegraph報道，支付解決方案公司Ripple已確認計劃申請Markets in Crypto-Assets (MiCA)牌照，以便拓展歐盟市場。 一位Ripple發言人表示，公司打算“實現MiCA合規”，因爲他們認識到“歐洲市場存在重大機遇”。 該聲明發佈之際，Ripple於今年4月底完成了在盧森堡註冊Ripple Payments Europe S.A.的手續。 [BlockBeats]