In the last 24 hours, San Francisco-based Ripple has received dual recognition in the cryptocurrency sector: its stablecoin RLUSD was named the most trusted, and the company joined CNBC's list of the top 300 fintech companies.
Ripple in the List of Top Fintech Companies
Ripple has been included in CNBC's list of the top 300 fintech companies. The list was compiled based on the analysis of over 2,000 companies with a focus on innovation, revenue growth, and market presence. Ripple stood out in the digital assets category, which includes blockchain, cryptocurrency, and Non-Fungible Token (NFT) platforms.
RLUSD on the Path to Global Remittances
Ripple noted that RLUSD received an "A" rating from the independent agency Bluechip. This rating reflects strong performance across three criteria: stability, management, and governance. RLUSD is classified as low risk and suitable for enterprise use. The company aims to become a global leader in the stablecoin remittance market.
Ripple's Business Expansion in Europe
Ripple plans to introduce the USD-pegged stablecoin in Europe through Luxembourg to expand its reach across the European Economic Area (EEA). Ripple Payments Europe SA already exists in Luxembourg, and the company is preparing to apply for an Electronic Money Institution (EMI) license. Once approved, the license will allow Ripple to operate legally in all 30 EEA countries.
Thus, Ripple continues to expand its influence in the cryptocurrency market and seeks to enhance services in international remittances, as evidenced by the trust in RLUSD and the active promotion of its business in Europe.
