Ripple engages with the EBA on issuing RLUSD in the EU under MiCA

Ripple is engaging with the European Banking Authority (EBA) to issue RLUSD, a U.S. dollar-pegged stablecoin, in the European Union under MiCA. The summary contrasts this with reported MiCA compliance challenges faced by USDT. It says the engagement includes documented meetings intended to familiarize regulators with Ripple’s products.