Altcoins News
By Evie Vavasseur
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Ripple Labs has taken a major regulatory leap forward in the United States by applying for a national banking license through the Office of the Comptroller of the Currency (OCC).
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Simultaneously, Ripple’s subsidiary, Standard Custody & Trust Company, has reportedly applied for a Federal Reserve master account.
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Ripple joins a growing list of crypto-native firms, including Circle, BitGo, Coinbase, and Paxos, pursuing U.S.
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While Ripple’s license filing may appear procedural on the surface, it arrives amid broader regulatory de-escalation, including the close of its legal battle with the U.S.
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At the same time, Ripple is pushing forward with its long-awaited RLUSD stablecoin. Approved by the New York Department of Financial Services (NYDFS) late last year, RLUSD is…
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Market response to these developments has been mixed. Ripple’s native token, XRP, rallied approximately 5% following news of the charter filing, surging to $2.27 reddit.
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Reddit discussions echo this ambivalence, highlighting how Ripple’s licensing milestones—including over 50 Money Transmitter Licenses (MTLs) and NYDFS approval of RLUSD—appear to…
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Even so, proponents emphasize that the regulatory groundwork holds long-term value. They argue that XRP’s future role in cross-border payments and stablecoin settlement depends…
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Ripple’s strategy also includes expanding into bank-grade custody services and cross-border settlements—services underpinned by RLUSD and anchored by regulatory trust.
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In summary, Ripple’s OCC application and pursuit of a Fed master account represent a watershed moment in its evolution.
The Currency Analytics
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