Ripple is preparing to launch its RLUSD stablecoin in the European Union, starting in Luxembourg, with the aim of achieving MiCA compliance.
Ripple is expanding its presence in the European market with the RLUSD stablecoin .
To begin with, it chose Luxembourg as the entry point to comply with the new regulation on the matter, the MiCA.
It is clear that Ripple intends to make RLUSD a fully compliant solution for cross-border digital payments.
RLUSD to debut in Europe starting in Luxembourg
In a Ledger Insights article , Ripple confirmed that it has initiated plans to integrate RLUSD into the European Union through Luxembourg.
The company had already founded Ripple Payments Europe SA in Luxembourg in April , officially starting the process of expansion into the European Union.
The application for a license to operate as an Electronic Money Institution (EMI), which would allow RLUSD to operate freely in all 30 countries of the European Economic Area (EEA), will be handled by this new entity.
A Ripple spokesperson explained that this represents a significant opportunity to operate in the European market. The company intends to comply with the MiCA regulation , reiterating its willingness to cooperate with regulatory authorities rather than circumvent them.
There aren't many stablecoin issuers in Luxembourg at the moment, but the country offers several key advantages to Ripple.
First, it is a major financial center home to many global banks, including BNY Mellon, a former Ripple partner. This robust banking network is crucial to meeting EU requirements requiring stablecoin issuers to maintain high levels of diversified reserves across multiple institutions.
Luxembourg 's large international banking ecosystem makes it an ideal choice for Ripple to support RLUSD's expansion in the region, although France leads the way in EMI licenses due to its concentration of key banks.
Chris Myers, Senior Counsel EMEA and a senior member of the Luxembourg team, supports Ripple's strategy focused on regulatory compliance and will guide RLUSD through the process of obtaining an EMI license with the relevant Luxembourg supervisory authority (CSSF).
RLUSD continues to grow, reaching new heights
Ripple is expanding its efforts beyond Europe as well.
In Dubai, RLUSD has received recognition as a cryptocurrency token, strengthening the city's reputation as a growing hub for digital businesses.
To foster RLUSD adoption, Alchemy Pay has partnered with Ripple to offer fiat on-ramp services. This collaboration will allow users in over 170 countries to purchase RLUSD directly using over 300 local payment methods, dramatically lowering the barriers to global cryptocurrency access.
With listings on exchanges such as Bitstamp, Kraken, Bitget, and Archax , RLUSD has shown a strong start since launch. The stablecoin has already surpassed a $500 million supply and boasts daily trading volumes close to $94 million, according to CoinMarketCap data .
Ripple's RLUSD expansion comes amid other significant developments in the stablecoin industry, including the passage of the GENIUS Act in the United States , which could introduce clearer national guidelines. The MiCA regulation also establishes a harmonized framework in Europe aimed at improving investor protection and transparency in the digital asset sector.
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