Ripple applies for U.S. banking license, following Circle's lead - report
2025-07-02 19:35:33
Main Idea
Ripple Labs has applied to become a U.S. bank, following Circle Internet Group, as part of an effort to integrate digital assets into the traditional banking system.
Key Points
1. Ripple Labs has submitted an application to become a U.S. bank.
2. This move follows similar efforts by stablecoin issuer Circle Internet Group.
3. The initiative aims to bring digital assets into the traditional banking framework.
Description
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