Ripple's regulatory layout in Europe has made new progress. Luxembourg has granted preliminary approval for EMI (Electronic Money Institution), and it has also completed FCA registration in the UK, paving the way for its digital cash and wallet payment services in Europe.
There have also been breakthroughs in institutional adoption. LMAX, a well-known trading platform, announced integration of RLUSD (Ripple's issued USD stablecoin), which has a market cap of $1.4 billion and is custodyed by BNY Mellon, demonstrating traditional financial institutions' confidence in its ecosystem.
Market enthusiasm remains high. Since its launch, the XRP spot ETF has seen a total net inflow of over $1.26 billion, reflecting ongoing investor interest in the asset. As of now, XRP is quoted around $2.12.
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ZkProofPudding
· 3h ago
Ripple's recent European strategy is indeed on track. BNY Mellon endorsing RLUSD still carries weight. But to be honest, we should be cautious about ETF inflows and not be fooled by the numbers.
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LiquidationWatcher
· 10h ago
Luxembourg + UK + LMAX + Mellon, this set of combinations with Ripple really packs a punch. Can institutional endorsement change the game?
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AirdropATM
· 10h ago
Luxembourg and the UK have both been secured, now Ripple is really about to take off in Europe.
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SignatureDenied
· 10h ago
Alright, Ripple's move is quite steady, and there's finally some movement in European regulation.
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Rekt_Recovery
· 10h ago
ngl ripple's actually moving pieces on the board... regulatory wins hit different when you've been liquidated watching their lawsuits lmao. saw my portfolio get absolutely decimated during the xrp drama, so watching bny mellon back rlusd hits me in the feels. 12.6B inflow on the etf though? that's not copium, that's actual institutional breathing room.
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LiquidatedDreams
· 10h ago
Luxembourg, the UK, BNY Mellon... This pace is really paving the way. As for Ripple, what do you think? There's something to it.
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MemeCoinSavant
· 10h ago
ngl the regulatory checkboxes are just copium theater, but the RLUSD adoption by actual institutions... that's the memetic velocity we love to see fr fr
Ripple's regulatory layout in Europe has made new progress. Luxembourg has granted preliminary approval for EMI (Electronic Money Institution), and it has also completed FCA registration in the UK, paving the way for its digital cash and wallet payment services in Europe.
There have also been breakthroughs in institutional adoption. LMAX, a well-known trading platform, announced integration of RLUSD (Ripple's issued USD stablecoin), which has a market cap of $1.4 billion and is custodyed by BNY Mellon, demonstrating traditional financial institutions' confidence in its ecosystem.
Market enthusiasm remains high. Since its launch, the XRP spot ETF has seen a total net inflow of over $1.26 billion, reflecting ongoing investor interest in the asset. As of now, XRP is quoted around $2.12.