Ripple

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Illustration of Ripple executives receiving MiCA approval in Luxembourg for crypto services.
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Ripple gains preliminary MiCA approval in Luxembourg

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Ripple announced on June 23 that it received a preliminary green light from Luxembourg regulators for a crypto-asset service provider license under the EU's MiCA rules. The approval would allow the company to offer stablecoin payment services across the European Economic Area once finalized. The move pairs with a recent investment in African payments firm Flutterwave to expand RLUSD use.

Ripple received a preliminary Crypto-Asset Service Provider approval from Luxembourg's financial regulator on June 23. The conditional approval pairs with an existing electronic money institution license obtained in February.

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Ripple has invested in African fintech company Flutterwave during its Series E funding round. The deal values Flutterwave at $3.2 billion and will integrate Ripple's RLUSD stablecoin along with the XRP Ledger into cross-border payments.

XRP has risen nearly 5% in the past 24 hours to $1.42, outperforming bitcoin, ethereum and solana. Prediction markets show 67% odds of it exceeding $1.50 in March. Despite the gains, over half of its supply remains at a loss.

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Derivatives trading for XRP on the BitMEX exchange has seen a sharp increase, with futures volume rising 1,185% in the past day amid market uncertainty. This surge coincides with a broader pullback in cryptocurrency prices, including a 2.14% drop for XRP to $1.36. Traders appear to be repositioning as they await further developments in the financial markets.

Société Générale’s digital asset arm, SG-FORGE, has launched its euro stablecoin, EUR CoinVertible, on the XRP Ledger, marking the third blockchain for the token. The move, announced on February 19, 2026, follows deployments on Ethereum and Solana, and highlights the bank's multi-chain strategy for institutional use. This development comes amid a series of institutional adoptions on the XRP Ledger in February 2026.

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Ripple CEO Brad Garlinghouse has been appointed to the U.S. Commodity Futures Trading Commission's Innovation Advisory Committee, coinciding with an over 8% rise in XRP's price to around $1.53. The committee, now expanded to 35 members, aims to advise on digital asset frameworks. This development signals growing collaboration between crypto industry leaders and regulators.

 

 

 

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