Ripple applies for U.S. national banking license

Ripple is following Circle’s footsteps by filing for a U.S. national bank charter, a move that could help the company settle payments faster, cut costs, and boost its legitimacy amid ongoing regulatory uncertainty.

📌 Ripple proposes to establish Ripple National Trust Bank, headquartered in New York, as a limited-purpose national trust bank regulated by the OCC (Office of the Comptroller of the Currency). The bank will focus on B2B financial services and infrastructure and will support Ripple’s stablecoin RLUSD and related fiduciary operations.

🔍 Ripple is also seeking a Fed Master account, which would provide direct access to the Federal Reserve’s payment infrastructure and allow RLUSD reserves to be held directly with the central bank.

🧩 Although XRP is not mentioned in the application, the community believes the possibility of future XRP integration remains open.