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Ripple secures preliminary Electronic Money Institution (EMI) licensing in Luxembourg and achieves FCA registration for its UK subsidiary, marking a significant regulatory breakthrough for digital cash and payment infrastructure in Europe. The approvals enable expanded wallet and payment services across the region.
In parallel, major venues continue backing RLUSD—the stablecoin now boasts a $1.4B market cap with BNY Mellon serving as custodian. LMAX Digital's integration of RLUSD demonstrates institutional-grade adoption momentum. Meanwhile, spot XRP ETFs have attracted $1.26B in cumulative inflows, signaling sustained investor interest. At the time of this development, XRP was trading around $2.12, reflecting the market's positive reaction to the regulatory validation and ecosystem expansion.