🚀🚀🚀Ripple Requests Banking License. #Xrp🔥🔥
Ripple Labs, the company behind XRP, has applied for a national banking license with the Office of the Comptroller of the Currency (OCC) in the United States. This application was made public in early July 2025.
This move aims to:
* Greater legitimacy and oversight: Obtaining a banking license would allow them to operate under federal and state supervision, potentially increasing traditional financial institutions' trust in their services.
* Expansion of services: If approved, the license could allow Ripple to offer additional banking services, especially related to its stablecoin #RLUSD .#XRPUSDT🚨
* Direct access to the Federal Reserve: Through its subsidiary Standard Custody & Trust Company, Ripple also requested a "master account" with the Federal Reserve, allowing them to hold reserves directly with the Fed, facilitating the issuance and redemption of stablecoins.
* Align with stablecoin regulation: This action comes at a time when the U.S. Congress is advancing legislation to regulate stablecoin issuers under the oversight of national banking regulators.
It is important to note that Ripple is not currently a bank, but a technology company developing blockchain-based payment solutions for financial institutions. However, with this application, they seek to integrate more deeply into the traditional financial system.
