A major XRP whale with a $3.7B holding continues to accumulate more tokens
This buying is seen as a vote of confidence in Ripple’s bid for a US bank license
The whale’s actions provide a strong bullish on-chain signal for Ripple’s strategy
In a bold stride toward mainstream finance, Ripple has officially applied for a national banking license from the U.S. Office of the Comptroller of the Currency (OCC).
This application represents a major turning point for the San Francisco-based company, which is looking to transition from a crypto-native firm into a federally regulated financial institution.
What Is Driving Ripple’s New Strategy?
Ripple’s push for a national banking charter is a strategic move to bring its RLUSD stablecoin under direct OCC supervision, creating a dual regulatory oversight structure.
The coin already has approval from the influential New York Department of Financial Services (NYDFS), making it one of the most stringently regulated stablecoins on the market. Its current market cap stands at approximately $440 million, and new minting activity suggests strong demand. Just this week, 14 million RLUSD tokens were issued from the tre…
The post XRP Whale’s $3.7 Billion Vote of Confidence in Ripple’s Push for a US Bank License appeared first on Coin Edition.
