Ripple Files for US Bank License: XRP Price Eyes Breakout on Stablecoin Ambitions
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Ripple’s push into federally regulated finance is accelerating. The firm behind the XRP token has officially filed for a national banking license with the Office of the Comptroller of the Currency (OCC)—a strategic move aimed at bolstering institutional confidence in its RLUSD stablecoin, which currently holds a market cap of $469 million, dwarfed by Tether ($157.8B) and USDC ($61.6B).
The firm’s application comes alongside a request for a Federal Reserve Master Account, which would enable Ripple to custody RLUSD reserves directly with the Fed—an unprecedented step for a crypto-native firm. CEO Brad Garlinghouse emphasized this dual approach will “bridge traditional and digital finance at scale.”
While Ripple charts a regulatory path, the XRP price is flashing bullish signals, trading at $2.29, just below a key resistance zone.