Ripple Secures Key Licensing Wins as XRP Holds Strong Above $3 Amid Market Volatility!
Ripple has taken significant steps toward expanding its regulatory presence in the U.S., securing Money Transmitter Licenses (MTLs) in New York and Texas and a new partnership with Ondo Finance.
The licenses mark critical milestones in the company’s ongoing effort to establish a robust compliance framework while addressing mounting concerns over XRP’s decentralization.
Strategic Regulatory Gains
The newly acquired MTLs enable Ripple to offer its cross-border payment services in two states known for their stringent regulatory standards. New York, home to the much-discussed BitLicense, and Texas, a hub for crypto innovation, represent strategic opportunities for Ripple’s growth. These licenses contribute to Ripple’s growing portfolio, which now includes over 55 MTLs across the United States and more than 60 licenses globally.
