🌏 Ripple makes a significant leap in Asia!
The Singapore subsidiary of Ripple has received an expanded license from MAS. It can now fully provide digital payment services: store, exchange, and instantly send XRP and RLUSD across the region.
🚀 What does the new license offer?
• Fast settlements in XRP and RLUSD
• Unified integration for collections, swaps, and payouts
• Easy access to digital assets without additional infrastructure
📉 XRP Update
Despite the regulatory breakthrough, XRP has dropped by 7.6%, with the breach of $2.16 triggering $185M in liquidations. The market is watching for support at $2.00 or a possible range of $1.80–$1.87.
🌐 Global Expansion
Ripple has also obtained approval from FSRA Abu Dhabi for RLUSD, opening its use by banks and institutions.
🔍 Conclusion
The license expansion is an important step for regulated digital payments. Despite XRP's volatility, strategic licenses strengthen Ripple's long-term position in the global fintech.
