Ripple Applies for National Banking License Amid Crypto-Finance Convergence

Krutika Adani

Ripple Joins the Banking Race

After Circle’s trust bank application, Ripple has filed with the U.S. OCC for a national banking license—pushing RLUSD closer to federal regulation and compliance.

Stablecoins Go Federal

If approved, RLUSD will be regulated both federally and by New York state. Ripple says this sets a new benchmark for stablecoin transparency and compliance.

Institutional Focus

Ripple’s trust arm also applied for a Federal Reserve master account, enabling direct custody of reserves and 24/7 issuance and redemption of RLUSD.

Genius Act Looms

With the Genius Act likely to mandate bank licenses for stablecoin issuers, Ripple and Circle are moving early to meet upcoming legal standards.

Bridging Old & New Finance

From crypto-native to Wall Street-friendly, Ripple and Circle aim to bring stablecoins under full regulatory oversight—unlocking institutional adoption.

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