📢 Ripple seeks to obtain a national bank license – a historic step towards trust in stablecoins

Brad Garlinghouse announces: Ripple has officially applied for a national bank charter from the OCC, in addition to a master account with the Federal Reserve through Standard Custody, paving the way for the launch of its stablecoin RLUSD with unprecedented security and oversight standards. A major step towards a reliable financial infrastructure serving institutions in a market exceeding 250 billion dollars.