Ripple Applies for U.S. National Banking License

Following stablecoin giant Circle, Ripple has officially applied for a U.S. national banking charter. This move is expected to help the company accelerate payment settlements, reduce costs, and enhance legitimacy amidst regulatory uncertainty.

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

🔍 Ripple is also seeking to open a Federal Reserve Master Account to directly access the Federal Reserve payment system and to hold RLUSD reserves directly at the central bank.

🧩 Although XRP was not mentioned in the application documents, the community believes there is still a possibility of integrating XRP in the future.