Ripple is entering the European stablecoin race with its RLUSD token, using Luxembourg as its regulatory beachhead under the EU’s new MiCA framework.
The company has established a local entity—Ripple Payments Europe SA—and is now preparing to apply for an Electronic Money Institution (EMI) license, which would give RLUSD passporting rights across all 30 EEA countries.
The choice of Luxembourg reflects Ripple’s emphasis on working with regulators rather than bypassing them. With a well-connected financial ecosystem and key banking partners like BNY Mellon based locally, the country offers Ripple a compliant path to scaling RLUSD under MiCA’s stringent reserve and transparency rules.
Chris Myers, a senior legal counsel in Luxembourg, is leading the company’s engagement with regulators to navigate the EMI licensing process through the CSSF.
Beyond Europe, RLUSD has picked up momentum globally. Dubai recently recognized the stablecoin as a compliant digital token, while Ripple has partnered with Alchemy Pay to expand fiat on-ramps into 170+ countries. RLUSD is now available on multiple exchanges including Bitstamp, Kraken, Bitget, and Archax, with its supply surpassing $500 million and daily volumes approaching $94 million.
As global stablecoin regulation evolves—with MiCA now live in the EU and the GENIUS Act gaining traction in the U.S.—Ripple is positioning RLUSD to compete as a fully compliant cross-border digital dollar.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/ripple-taps-luxembourg-to-launch-rlusd-stablecoin-across-europe/