Krutika Adani
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.
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.
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.
With the Genius Act likely to mandate bank licenses for stablecoin issuers, Ripple and Circle are moving early to meet upcoming legal standards.
From crypto-native to Wall Street-friendly, Ripple and Circle aim to bring stablecoins under full regulatory oversight—unlocking institutional adoption.