{"id":77906,"date":"2025-07-03T05:00:36","date_gmt":"2025-07-03T05:00:36","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=77906"},"modified":"2025-07-03T05:00:36","modified_gmt":"2025-07-03T05:00:36","slug":"ripple-files-for-u-s-banking-license-for-xrp-and-rlusd","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=77906","title":{"rendered":"Ripple Files for U.S. Banking License for XRP and RLUSD"},"content":{"rendered":"

Ripple is making a serious move into traditional finance. The company behind XRP has applied for a national banking charter in the United States, aiming to bring its RLUSD stablecoin under direct federal oversight. <\/span>This<\/span> isn\u2019t just about checking boxes. It\u2019s a strategic attempt to give RLUSD a stronger foundation and open the door to a deeper role in the financial system. If approved, the Ripple banking license would allow the company to hold RLUSD reserves directly with the Federal Reserve.<\/span><\/p>\n

Ripple\u2019s CEO, <\/span>Brad<\/span> Garlinghouse,<\/span> confirmed the application publicly, pointing out that RLUSD already operates under New York\u2019s financial regulators.<\/span> Getting a national charter through the Office of the Comptroller of the Currency (OCC) would expand that coverage, blending state-level approval with federal credibility. It\u2019s also a signal to investors, regulators, and institutions that Ripple wants RLUSD to <\/span>be taken<\/span> seriously.<\/span><\/p>\n

The Bigger Picture Behind the Charter<\/span><\/h2>\n

So what does this <\/span>actually<\/span> mean? A bank charter gives Ripple a way to hold reserves directly with the Federal Reserve. <\/span>That <\/span>cuts out<\/span> third-party banks, <\/span>simplifies<\/span> operations, and <\/span>improves<\/span> transparency.<\/span> It also means RLUSD could be settled faster and more reliably, especially during nights or weekends when traditional systems shut down.<\/span><\/p>\n

NEW: Ripple has applied for a U.S. National Bank License pic.twitter.com\/cMoTtdTrlJ<\/a><\/p>\n

\u2014 Ashjessy (@MS12326) July 3, 2025<\/a><\/p>\n\n

Ripple would use its subsidiary, Standard Custody & Trust Company, to apply for the necessary Fed master account. If granted, the RLUSD reserves would move from commercial banks to the central bank, offering stronger protection and oversight. <\/span>For a stablecoin <\/span>trying to compete<\/span> with <\/span>the likes of<\/span> USDC and Tether, this could be a <\/span>major<\/span> advantage.<\/span><\/p>\n

DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025<\/a><\/strong><\/p>\n

Ripple Is Not Alone<\/span><\/h2>\n

The timing is no coincidence. Earlier this week, Circle\u2014the company behind USDC\u2014also filed for a national trust bank license. <\/span>Circle <\/span>wants<\/span> to <\/span>create<\/span> a fully regulated institution <\/span>focused<\/span> on digital dollars and tokenized assets.<\/span> Both Ripple and Circle are <\/span>reading<\/span> the same playbook: take the stablecoin game into regulated territory before the rules <\/span>get<\/span> even tougher.<\/span><\/p>\n

\n
\n
\n
<\/div>\n
\n
\n
XRP<\/div>\n
Price<\/div>\n
Market Cap<\/div>\n<\/div>\n
\n
XRP<\/div>\n
<\/div>\n
$132.19B<\/div>\n<\/div>\n<\/div>\n<\/div>\n
24h<\/span>7d<\/span>30d<\/span>1y<\/span>All time<\/span><\/div>\n<\/div>\n<\/div>\n

So far, Anchorage Digital is the only crypto firm with a federal charter. Ripple\u2019s move puts it in the race to be next. <\/span>And with the GENIUS Act gaining traction in the Senate, regulation for stablecoins is no longer <\/span>hypothetica<\/span>l<\/span>.<\/span> Standards around reserves, disclosures, and investor protection are already <\/span>being written<\/span>.<\/span><\/p>\n

DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in July2025<\/a><\/strong><\/p>\n

RLUSD\u2019s Position and What Comes Next<\/span><\/h2>\n

RLUSD launched in late 2024 and has already grown to a market cap of around $470 million. That\u2019s not enough to challenge the top stablecoins, but it puts Ripple in the conversation. A federal charter could give RLUSD the edge it needs to appeal to banks, payment processors, and institutional investors.<\/span><\/p>\n

Source: Shutterstock<\/p>\n

Ripple also has plans beyond RLUSD. The charter would let it expand into cross-border payments and digital asset custody services, all under federal supervision. If the OCC and Fed approve the application, Ripple would be able to offer these services on the same regulatory footing as traditional banks.<\/span><\/p>\n

What to Watch<\/span><\/h2>\n

Approval is not guaranteed. Getting the charter and a Fed account involves multiple agencies and months of review. Ripple also faces ongoing legal challenges tied to XRP, which could influence regulators\u2019 decision-making. But if the license <\/span>is granted<\/span>, Ripple will have one of the strongest compliance setups in the stablecoin market.<\/span><\/p>\n

This<\/span> is more than a regulatory milestone. It\u2019s a sign that the stablecoin space is evolving fast, and only those who are ready to play by the rules will be able to scale. Ripple\u2019s banking play is a bet that RLUSD is <\/span>ready<\/span> for that next step. The industry is watching closely to see whether the potential Ripple banking license opens the door to broader adoption of RLUSD.<\/span><\/p>\n

DISCOVER:\u00a0<\/span>20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n

Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n

<\/span><\/p>\n

\n

Key Takeaways<\/h2>\n


\n <\/span><\/p>\n


\n Ripple has applied for a U.S. national banking charter to bring its RLUSD stablecoin under federal oversight.
\n <\/span><\/p>\n


\n The move would allow Ripple to hold reserves directly with the Federal Reserve, improving transparency and settlement speed.
\n <\/span><\/p>\n


\n Ripple\u2019s charter bid comes alongside similar moves from Circle, as both aim to meet stricter stablecoin regulations early.
\n <\/span><\/p>\n


\n If approved, Ripple could expand into digital asset custody and cross-border payments under full federal supervision.
\n <\/span><\/p>\n


\n RLUSD currently has a $470 million market cap, and this banking move could make it more competitive with top stablecoins.
\n <\/span><\/p>\n


\n <\/span><\/p>\n

<\/span><\/p>\n<\/div>\n

<\/p>\n

The post Ripple Files for U.S. Banking License for XRP and RLUSD<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Ripple is making a serious move into traditional finance. The company behind XRP has applied for a national banking charter in the United States, aiming to bring its RLUSD stablecoin under direct federal oversight. This isn\u2019t just about checking boxes. It\u2019s a strategic attempt to give RLUSD a stronger foundation and open the door to […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-77906","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/77906"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=77906"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/77906\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=77906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=77906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=77906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}