Ripple is moving forward with the European launch of its RLUSD stablecoin, beginning in Luxembourg as part of its strategy to align with the EU’s MiCA regulatory framework.
Ripple Eyes Luxembourg for RLUSD Rollout in Europe
As part of its push to comply with the Markets in Crypto-Assets (MiCA) regulation, Ripple is using Luxembourg as the gateway for introducing RLUSD to the EU market. This initiative is supported by the establishment of Ripple Payments Europe SA in Luxembourg earlier this year. The company is currently seeking an Electronic Money Institution (EMI) license, which would permit it to offer RLUSD services across all 30 European Economic Area (EEA) countries.
Luxembourg’s strong financial sector, home to global institutions including Ripple’s partner BNY Mellon, offers a robust foundation for meeting MiCA’s reserve requirements for stablecoins. While France remains a dominant hub for EMI licensing, Luxembourg’s international banking ecosystem makes it an attractive base for Ripple’s expansion.
Chris Myers, Ripple’s EMEA Senior Counsel based in Luxembourg, is leading regulatory coordination with the local financial watchdog, the CSSF, to ensure RLUSD achieves full regulatory approval. Ripple emphasized its commitment to regulatory collaboration rather than avoidance, framing this expansion as a major step in its global growth strategy.
RLUSD Gains Momentum Beyond the EU
Ripple’s ambitions extend beyond Europe. In Dubai, RLUSD has already secured recognition as a crypto token, enhancing the city’s profile as a digital asset hub. In parallel, Ripple has partnered with Alchemy Pay to integrate fiat on-ramps, allowing users in over 170 countries to purchase RLUSD using more than 300 local payment methods.
With listings on platforms like Kraken, Bitstamp, Bitget, and Archax, RLUSD has rapidly gained traction—its total supply has exceeded $500 million, with daily trading volume nearing $94 million, according to CoinMarketCap.
This launch coincides with broader global stablecoin developments, such as the U.S. GENIUS Act, which could pave the way for clearer domestic regulations. Meanwhile, MiCA is expected to standardize digital asset oversight across Europe, reinforcing Ripple’s long-term vision for compliant and accessible cross-border stablecoin use.
