Binance News
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Ripple applies for national banking charter to federally regulate its stablecoin RLUSD
According to Wu, Ripple has applied for a national banking license from the U.S. Office of the Comptroller of the Currency to bring its stablecoin RLUSD under federal supervision. At the same time, Ripple subsidiary Standard Custody & Trust has applied for a master account with the Federal Reserve. If approved, it will be able to directly issue and redeem stablecoins during non-banking hours.
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