Ripple's pursuit of an EMI license in Luxembourg aligns with its global payments strategy, leveraging the country's strong banking ecosystem to drive the expansion of its RLUSD stablecoin in the EEA. The incorporation of Ripple Payments Europe SA and strategic hiring in Luxembourg demonstrate a concentrated effort to meet MiCA compliance requirements. Luxembourg's connectivity with major global banks, including BNY, Ripple's custody partner, facilitates compliance with EU reserve and diversification rules, positioning it as a strategic hub despite having fewer EMI licenses compared to France. Ripple's multijurisdictional licensing approach underscores its commitment to conquering the European market.

https://www.ledgerinsights.com/ripple-plans-rlusd-stablecoin-eu-entry-via-luxembourg/