Singapore’s MAS approved Ripple’s expanded payment license on December 1 for cross-border services using XRP and RLUSD stablecoin. On-chain activity in Asia Pacific surged roughly 70% year-over-year, with Singapore at the forefront. XRP whale holdings hit a 7-year high despite a price pullback in early December.
Ripple’s expansion into Singapore gained momentum with MAS approving an expanded payments license for its local subsidiary. This regulatory milestone boosts Ripple’s presence in Asia and paves the way for potential XRP price growth. Institutional interest in Southeast Asia is on the rise, with analysts eyeing a potential rally towards $4 by Q2 2026.
MAS expanded Ripple’s Major Payment Institution license on December 1, allowing for a broader range of regulated digital payment services in Singapore. Ripple can now offer end-to-end cross-border payment solutions using XRP and RLUSD stablecoin under MAS supervision. Ripple President Monica Long praised Singapore’s innovation-friendly approach, enabling more investment in the region.
MAS’s approval of Ripple’s expanded license sets the stage for XRP’s potential growth towards $4 by mid-2026. Ripple can now integrate XRP into payment flows with clear regulatory guidance, attracting more institutional players. The expanded MPI license enables Ripple to provide blockchain-based solutions to banks, fintechs, and payment providers in Singapore and beyond.
Ripple’s approval by MAS in Singapore opens pathways for XRP to reach $4 by Q2 2026. The regulatory clarity provided by MAS removes barriers and sets the stage for XRP’s growth. Ripple can now support institutional settlement channels and digital token payments under MAS supervision, driving broader institutional adoption of XRP services.
Ripple’s core business of fast, low-cost cross-border payments receives a significant boost with MAS approval in Singapore. The license enables Ripple to deploy Ripple Payments, combining XRP and RLUSD for efficient transactions. Ripple’s solution aims to attract institutions looking for speedy and cost-effective money transfers in a region with significant payment corridors.
With regulatory wins signaling positive market sentiment, Ripple’s Singapore approval indicates growing traction for XRP among investors. XRP’s price pullback in early December did not deter large holders, with XRP whale holdings hitting a 7-year high. The expanded license, along with permissions in other regions, may attract fresh capital into XRP from Asia-focused crypto funds and global investors.
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Read more at Yahoo Finance: How MAS Approval Could Drive XRP to $4 by Q2 2026