Ripple applies for US banking license

Ripple’s XRP token is on fire as the company has applied for the US banking license. Ripple is applying for a national bank charter from the OCC. If approved, Ripple would have both state, via NYDFS and federal oversight, a new benchmark for trust in the stablecoin market.

Ripple has also applied for a fed master account which will allow them to hold their stable coin RLUSD reserves directly with the Fed and provide an additional layer of security to future proof trust in RLUSD.

In a $250B+ market, RLUSD stands out for putting regulation first, setting the standard that institutions expect. Ripple continues to set the bar for trust, regulation, and real-world utility. Proud to build on the XRP Ledger alongside leaders shaping the future.

This could be Ripple’s ticket to getting into that 7 trillion daily Swift market. No more SEC case now Ripple, XRP can prosper freely in the USA.

We are very bullish on both XRP and ripple.