Ripple has applied for an Electronic Money License in Luxembourg to launch RLUSD in the EU, complying with the new MiCA regulations that govern crypto assets.
Luxembourg offers robust banking options for stablecoin issuers, allowing Ripple to securely store reserves while meeting compliance requirements.
Ripple emphasizes the European market’s potential and aims to align with regulatory standards, also appointing BNY as the custodian to bolster trust in RLUSD.
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