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

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]