$XRP $USDC Ripple has applied for a national banking license in the United States. This license is needed by the company to scale its payment services and the RLUSD stablecoin.

The company submitted its application to the Office of the Comptroller of the Currency (OCC) on Wednesday, July 2. If approved, Ripple will be able to operate as a federally regulated bank without needing money transfer licenses in each state.

Earlier this week, Circle, the issuer of the USDC stablecoin, applied for national trust bank status. Fidelity Digital Assets and other companies are also seeking similar approvals, reflecting the industry's desire for legal clarity and to operate within a unified national regulatory framework.$SAHARA