Ripple seeks a U.S. banking license to boost stablecoin ambitions

Ripple has applied for a national banking license with the OCC, aiming to place its stablecoin RLUSD under federal and state regulation.

- RLUSD is already regulated by the NYDFS

- Ripple aims to keep reserves directly with the United States Federal Reserve

- Its subsidiary applied for a master account with the Fed on June 30 to allow for 24/7 issuance/exchange of stablecoins 7#Ripple