#Xrp🔥🔥 Ripple: here’s why it wants to become a BANK. Questions arise over the absence of XRP.
What is really behind Ripple's request to obtain, through its subsidiary, a banking license in the USA? Now there are public documents to check, verify, or even just read. This will allow us to understand the details of an operation that actually replicates that of Circle – a company that manages $USDC .
It will not be – as we had anticipated – a traditional bank: it will not accept deposits, it will not manage direct clients, it will serve almost exclusively for $RLUSD, the stablecoin launched by Ripple at the end of 2024, which is trying to carve out a niche in a crowded but also highly promising space.