Binance News
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Ripple Applies for National Banking Charter to Federally Regulate Its Stablecoin RLUSD
According to reports from Wu, Ripple has applied for a national banking charter from the Office of the Comptroller of the Currency to bring its stablecoin RLUSD under federal oversight. At the same time, Ripple's subsidiary Standard Custody & Trust has applied for a Federal Reserve master account, which, if approved, would allow for the direct issuance and redemption of stablecoins outside of banking hours.
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