Breaking: Ripple Applies for US Banking License
2025-07-02 16:57:31
Main Idea
Ripple has applied for a US banking license with the Office of the Comptroller of the Currency (OCC), aiming to establish a federally regulated bank.
Key Points
1. Ripple applied for a US banking license, as reported by the Wall Street Journal.
2. The company launched its regulated stablecoin, Ripple USD (RLUSD), in December.
3. Anchorage Digital is currently the only cryptocurrency firm with a national trust bank charter.
4. Ripple's move follows a trend of crypto firms seeking banking charters to operate under federal regulations.
Description
Ripple is seeking a banking license in the US after rolling out its highly regulated stablecoin
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