Ripple Earns Major Payment License in Singapore

Ripple Acquires Crucial Payments License In Singapore: Impact On XRP And Rlusd

2 December 2025 at 10: 48

Reading time: 2 minutes

Ripple Ripple Markets APAC has received approval from the Monetary Authority of Singapore (MAS) to expand its payments operations under the Major Payment Institution license of its subsidiary Ripple Markets APAC. This will enable the fintech company to offer a wider range of regulated payment services to customers in Singapore, using both the XRP cryptocurrency like the Ripple-issued RLUSD stablecoin. The recent approval confirms Singapore's position as a leader in digital asset regulation, something Ripple's president Monica Long emphasized: "Regulation enables innovation, and Singapore is proof that clear rules create fertile ground for growth."

Benefits of the Extended License

With this expanded license, Ripple strengthens its ability to continue investing in Singapore and developing the necessary infrastructure that enables financial institutions to move money efficiently, quickly, and securely. The Ripple Payments platform leverages crypto tokens such as RLUSD and XRP within a global payout network, creating critical advantages for banks, crypto companies, and fintechs. The platform enables the rapid launch of digital payment services without incurring significant infrastructure costs, providing businesses with an opportunity to optimize their payment services and increase efficiency in a competitive market.

XRP, the fourth-largest cryptocurrency by market capitalization, staged a remarkable surge to an all-time high of $3,65 in July, a milestone that took markets by surprise. This rise was largely driven by regulatory optimism and the anticipated approval of exchange-traded funds (ETFs). However, recent months have been less favorable for XRP, with the price down around 45% from its peak levels. Currently, XRP is trading around $2,00, having dropped 20% over the past 30 days, including a recent 9% drop in the last 24 hours.

The dollar-pegged RLUSD currently has a market cap of $1,26 billion, with a 24-hour trading volume of nearly $79 million, as data suggests. This stablecoin plays a vital role in Ripple's payment system, contributing to the stability and predictability of payment transactions in an often volatile crypto market.

The Asia-Pacific region is leading the global digital asset adoption curve, with on-chain activity up approximately 70% year-over-year. Singapore is at the heart of this growth. Fiona Murray, VP and Managing Director of Ripple in Asia-Pacific, emphasized that expanding its payments business allows the company to better support the institutions driving this growth with a wide range of regulated payment services. This allows them to offer customers faster and more efficient payments, contributing to the region's overall development as a leading cryptocurrency hub.

Frequently Asked Questions

What does MAS approval mean for Ripple?
The approval provides Ripple with the opportunity to adapt its services to a regulated environment, which will fuel the growth of its operations in Singapore and strengthen its credibility in the region.

Why has XRP lost value recently?
XRP’s price drop can be attributed to several factors, including market volatility and a drop in investment sentiment after previous peaks, as well as a lack of new regulatory drivers.

How does RLUSD compare to other stablecoins in the market?
As a dollar-pegged stablecoin, RLUSD offers stability in a fluctuating market, but its strong marketplace and trading volume underscore its role as a robust payment medium within the Ripple ecosystem.

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