Ripple's stablecoin RLUSD is quickly gaining traction in Europe 🌍. Designed to be MiCA compliant, RLUSD has capitalized on a time when the region is undergoing major regulatory change.

- According to CryptoQuant, RLUSD has processed 33,953 transactions on XRP Ledger and 1,690 on Ethereum since testing began in June 2024.

- With USDT being delisted from many European exchanges due to its non-MiCA compliance, RLUSD is emerging as a potential alternative.

- Launched in December after receiving NYDFS approval, RLUSD has quickly been integrated on major exchanges such as Uphold, Bitstamp, and Bullish.

🔗 RLUSD promises to accelerate the growth of cross-border payments, ushering in a new era for stablecoins in Europe.