Ripple seeks MiCA license for EU expansion

Ripple Labs, the company behind XRP and the new RLUSD stablecoin, plans to apply for a MiCA license soon.

Ripple Labs, the company behind XRP and the new RLUSD stablecoin, wants to apply for a MiCA license soon. That would allow it to legally expand its operations across the entire European Union starting July 15, 2025.

The first step toward this European ambition has already been taken: Ripple has registered in Luxembourg, a well-known gateway for financial institutions within the EU. With the MiCA license in hand, Ripple could offer its crypto services in all member states, which could be a huge boost for XRP adoption in Europe.

A key focus of this plan is facilitating fiat-to-crypto transactions. That would strengthen Ripple’s position as a bridge-builder in global payments—the exact role the company has branded itself in for years.

At the same time, whispers in the crypto world abound about a possible Ripple Labs IPO. According to pro-XRP attorney John Deaton, the company could be valued at as much as $100 billion in the current market sentiment.

Still, the MiCA license could prove more important for RLUSD than for XRP. The stablecoin giant Tether must pull back from Europe due to lack of compliance, which could give Ripple USD a freer rein in a market with huge growth potential.

The current global stablecoin market cap is $262 billion, but Ripple CEO Brad Garlinghouse expects it to grow to one to two trillion dollars in the coming years. And XRP? According to Garlinghouse, it remains a core asset for the company.

He even tattooed his conviction: the XRP logo now permanently sits on his left upper arm, inked at 1,000 percent.