Ripple Expands XRP and RLUSD Services in Singapore Following Key Regulatory Approval

Ripple, a leading enterprise blockchain and crypto solutions provider, has received a crucial regulatory green light from the Monetary Authority of Singapore (MAS). This approval significantly broadens Ripple's operational scope within the city-state, allowing it to offer a wider range of digital payment token services. The enhanced license empowers Ripple to provide expanded services utilizing its native digital asset XRP and its newly announced stablecoin, RLUSD (Ripple USD), to institutional clients in the region. Singapore, known for its progressive regulatory framework, is a strategic hub for Ripple's Asia-Pacific growth. This development strengthens Ripple's compliance credentials and enables it to better serve financial institutions seeking efficient cross-border payment and liquidity solutions using blockchain technology.