🏛️ Ripple wants to be a bank: license in the U.S. on the way
Ripple has applied for a national banking license with the OCC, seeking to operate as a regulated entity and obtain a master account at the Federal Reserve. This would allow it to directly custody the reserves of its stablecoin RLUSD and issue payments 24/7.
📌 Strategic keys:
- Ripple joins Circle in the race for legitimacy.$USDC
- The move anticipates the GENIUS Act, which requires licenses for stablecoin issuers.
- $XRP rose 3.2% after the announcement.
💥 When crypto asks for a license… it’s because it wants to play in the major league.$SUI
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