Ripple's compliance journey in Europe has made new progress. The company successfully obtained an Electronic Money Institution (EMI) license in Europe, marking another breakthrough for its payment and settlement operations within the regulatory framework. However, it is worth noting that the entire institutional payment ecosystem is undergoing subtle changes—stablecoins are gradually becoming the preferred solution for institutional settlements.

This trend could potentially impact the market role of XRP. Once the core asset of the Ripple payment network, XRP may face a repositioning of its functionality—from a key liquidity tool to a supplementary routing method. In a payment settlement landscape dominated by stablecoins, XRP's use cases might further focus on specific cross-border transfer scenarios and liquidity supplementation.

This structural shift reflects the rational choices of the entire payments industry: stablecoins, due to their price stability and regulatory friendliness, are more suitable for large-scale institutional transactions. For investors seeking long-term value storage, the investment logic of XRP also needs to shift from a payment tool to diversified ecological applications.