🏦 Ripple has applied for a banking license in the USA

Ripple has submitted an application for a national bank license to the OCC (Office of the Comptroller of the Currency).

💬 Brad Garlinghouse, CEO of Ripple:

"This will become a new benchmark of trust in the stablecoin market."

🔵 If the OCC approves the application, Ripple USD (RLUSD) stablecoin will be under both federal jurisdiction and state supervision.

🟢 Ripple is following in the footsteps of Circle, which also wants to create a national trust bank.

🟢 Both companies are acting against the backdrop of the GENIUS Act, which establishes standards for stablecoin issuers.

🇺🇸 Ripple has also applied to open a master account at the Federal Reserve System to hold RLUSD reserves directly at the Fed. The documents were submitted through Standard Custody — a custodial firm acquired in 2024.

📈 XRP reacted positively:

Current price — $2.24 (+3.8% in 24 hours).

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