Ripple Seeks U.S. National Bank Charter and Fed Account to Potentially Expand RLUSD Stablecoin Services

Key Points

1. Ripple's application for a national bank charter aims to transition its regulatory oversight from state to federal level, improving compliance and risk management for its RLUSD stablecoin.

2. Standard Custody, a Ripple subsidiary, has applied for a Federal Reserve master account to streamline RLUSD reserve management, enhancing liquidity and payment efficiency.

3. RLUSD has grown to a market cap of nearly $470 million since its December 2024 launch, positioning it as a competitor to USDC and USDT.

4. Ripple's regulatory moves have positively impacted XRP's market activity, with trading volume surging to $3.65 billion and futures volume reaching $7.38 billion.

5. The company's initiatives could set a precedent for other stablecoin issuers seeking regulatory alignment and market integration.