Ripple applies for Luxembourg license, plans to expand RLUSD stablecoin to Europe
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最新报道：According to the news from Bijie.com, on July 15, Ripple has applied for an electronic money license in Luxembourg, planning to introduce its stablecoin RLUSD to the European market. If approved, the license will enable RLUSD to operate throughout the European Union, in compliance with the requirements of the EU Crypto Asset Market Regulation Act (MiCA). In April this year, Ripple established a subsidiary called Ripple Payments Europe SA in Luxembourg, which seems to be in preparation for the above license application. Luxembourg has many banking institutions, providing stablecoin issuers with a variety of options for depositing reserve funds, in line with MiCA's requirements that at least 60% of the reserves of stablecoin issuers must be deposited in banks. A Ripple spokesperson said: "We see huge opportunities in the European market and plan to comply with MiCA regulations." Last week, Ripple also appointed the Bank of New York as the main custodian of the funds behind RLUSD. [Deep Tide]
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