Ripple enters final MiCAR compliance stage with EU CASP license

Ripple has received an EU CASP license, opening the door to the final MiCAR compliance status. The company was greenlighted for a MiCAR-compliant digital asset provider, gaining an edge on exchanges and platforms that lost their foothold in the EU. 

Ripple announced it received its Crypto Asset Service Provider (CASP) license in Luxembourg, a step ahead of completing the full Markets in Crypto-Asset Regulation (MiCAR) status. This makes Ripple capable of offering cryptoasset services in the entire European Economic Area. 

As Cryptopolitan reported earlier, Ripple has been trying to gain CASP status since the start of 2026, recently achieving a breakthrough. Historically, full approval after the CASP license can take about a month. 

‘This CASP authorisation means Ripple enters the post-transitional MiCA era fully compliant and ready to scale,’ said Cassie Craddock, Managing Director, UK & Europe at Ripple. 

‘The institutions we work with across Europe are looking to build their digital assets services alongside regulated partners, and Ripple is licensed and ready to meet that demand.’ 

Ripple has already established itself as a provider of blockchain-based solutions for both traditional finance and digital transfers.

Now, Ripple has been certified by Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF). The recent authorization is the step that followed the preliminary approval in June, meaning Ripple is already capable of covering all MiCAR requirements. 

The company already holds an EU EMI license, part of its global portfolio of 75 licenses for various countries and regions. 

Ripple receives license as Euro Area users see a shift in available stablecoins

Ripple will be able to offer its crypto payment solutions to financial institutions, corporations, and businesses across 30 countries, with no unexpected freezing of services.

Ripple has been attempting to become an accessible provider of financial services, lobbying both in the USA and European markets. The approval arrives at a time when the European market is once again reassessing its stablecoin usage, after Revolut delisted Tether’s USDT for Euro Area countries. 

RLUSD, the native stablecoin of Ripple, has the chance to fill some of the liquidity vacuum left by the withdrawal of USDT from the market. The new license will mean Ripple has a chance of drawing institutional capital, which has been waiting on the sidelines. 

XRP remains stuck in a low range

Despite Ripple’s exposure and news of partnerships, XRP remains stuck in a relatively low range. Recently, XRP fell to its lowest oversold level in 13 years, though buyers and traders remain cautious. XRP moves by a different market logic, not reflecting the activities and breakthroughs of Ripple, Inc. 

XRP traded around $1.14, with a slight boost from ETF inflows. The asset’s mindshare fell by over 11%, according to Messari. The XRPL network is also relatively slow compared to other platforms, showing that Ripple’s strength lies in offering fintech services on licensed mainstream markets. The chain only carries around $39M in DeFi liquidity. 

At the same time, RLUSD is expanding its influence. The stablecoin increased its supply from 1.2B at the start of 2026 to 1.5B tokens in July, with a peak of 1.8B tokens in early June. 

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