XRPL introduces compliant stablecoins EURØP and USDB, expanding into the European and pump markets.

According to Gate News bot and a report by Cryptonews, as per the announcement on May 22, the XRP Ledger (XRPL) has expanded its stablecoin ecosystem with the introduction of a new dollar stablecoin USDB issued by Brazil's Braza Group, as well as a euro stablecoin EURØP that complies with MiCA standards.

This move enhances XRPL's position in the tokenized finance sector, providing more regulated and region-specific assets for users in Europe and Latin America.

As the XRP Ledger embraces new stablecoins that comply with MiCA standards, Ripple is intensifying efforts to solidify its dominance in the global stablecoin and payment markets.

According to Bloomberg, Ripple made an offer earlier this year to acquire the stablecoin issuer Circle for $4 billion to $5 billion, but the bid was rejected as being too low. This acquisition attempt occurred a few weeks after Circle applied for an IPO in the U.S., indicating that Ripple is eager to solidify its foothold in the stablecoin space. It is currently unclear whether Ripple will make a higher offer again.

In addition to acquisitions, Ripple is also expanding its cross-border payment infrastructure. In May of this year, the company partnered with Zand Bank and fintech company Mamo to launch a blockchain-based payment solution in the UAE.

Earlier, the company obtained regulatory approval from the Dubai Financial Services Authority earlier this year, becoming the first licensed blockchain payment provider in the Dubai Financial Center.

Ripple has processed over $70 billion in global payment transactions, holds more than 60 licenses in major markets, and currently has significant partnerships in the Middle East. The company appears to be focused on expanding the adoption of XRP through strategic expansions and acquisition initiatives.