‏🚨Garlinghouse's tweet a moment ago regarding Ripple's application for a national bank charter.

"Building on our deep-rooted commitment, ‎@Ripple has applied for a national bank charter from the Office of the Comptroller of the Currency (OCC). If approved, we will gain government oversight (through the New York Department of Financial Services) and federal oversight, setting a new (and unique!) standard of trust in the stablecoin market.

Earlier this week, through ‎@StandardCustody, we also applied for a master account with the Federal Reserve - while Congress works to establish clear rules and regulations, banks (unlike the years of Chokepoint 2.0) are moving toward this, allowing us this access to hold ‎$RLUSD reserves directly at the Federal Reserve, providing an additional layer of security to bolster trust in RLUSD going forward.

Ripple has always worked, and will continue to work, on building a reliable, tested, and secure infrastructure. In a market that exceeds

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