Ripple has obtained a CASP license from the European Union, opening the door to final MiCAR compliance status. The company has been given the green light as a MiCAR-compliant digital asset provider, gaining an advantage on exchanges and platforms that have lost their foothold in the EU.
Ripple announced that it has obtained a Crypto Asset Service Provider (CASP) license in Luxembourg, a step forward to complete its full Markets for Crypto Assets Regulation (MiCAR) status. This makes Ripple able to provide crypto asset services in the entire European Economic Area.
As cryptopolitan I mentioned Earlier, Ripple had been trying to obtain CASP status since the beginning of 2026, and recently made a breakthrough. Historically, full approval after CASP authorization can take about a month.
“The CASP license means Ripple is entering the MiCA era after the transition phase and is fully compatible and ready to scale,” said Cassie Craddock, Managing Director, UK and Europe at Ripple.
“The institutions we work with across Europe are looking to build their own digital asset services alongside regulated partners, and Ripple is licensed and ready to meet this demand.”
Ripple has already established itself as a provider of blockchain-based solutions for both traditional finance and digital remittances.
Now, Ripple has received accreditation from the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. The latest license is the step that follows the initial approval in June, meaning Ripple is already able to cover everyone Mikar requirements.
The company already holds an EMI license from the European Union, which is part of its global portfolio of 75 licenses for various countries and regions.
Ripple gets license as Eurozone users see a shift in available stablecoins
Ripple will be able to offer cryptocurrency payment solutions to financial institutions, businesses and companies in 30 countries, without any unexpected freezes in services.
Ripple is trying to become an accessible financial services provider, and is lobbying in the US and European markets. The approval comes as the European market is re-evaluating its use of stablecoins again, following Revolut It has been deleted Tether’s USDT for Eurozone countries.
RLUSD, Ripple’s native stablecoin, has an opportunity to fill some of the liquidity void left by USDT’s withdrawal from the market. The new license will mean that Ripple has an opportunity to attract institutional capital, which has been waiting on the sidelines.
XRP remains stuck in a lower range
Despite Ripple’s exposure and partnership news, XRP is still stuck in a relatively low range. Recently, XRP fell to its lowest oversold level in 13 years, although buyers and traders remain cautious. XRP moves according to a different market logic, and does not reflect the activities and achievements of Ripple, Inc.
XRP was trading at around $1.14, with a slight increase from ETF inflows. Assets Mindshare decreased by more than 11%According to Al-Masari. The XRPL network is also relatively slow compared to other platforms, which shows that Ripple’s strength lies in providing fintech services in major licensed markets. Chain bearing only $39M In DeFi liquidity.
Meanwhile, RLUSD is expanding its influence. The stablecoin increased its supply from 1.2 billion at the beginning of 2026 to 1.5 billion tokens in July, with a peak of 1.8 billion tokens in early June.
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