XRP Spikes 3% As Ripple Applies For US Banking License
Posted On July 2, 2025
Ripple (CRYPTO: XRP) is joining the ranks of crypto firms seeking greater legitimacy and regulatory clarity by applying for a national banking license with the U.S. Office of the Comptroller of the Currency.
The move would shift oversight of Ripple’s stablecoin, RLUSD, from New York state regulators to federal jurisdiction, aligning with upcoming stablecoin legislation.
According to the Wall Street Journal, Ripple’s subsidiary, Standard Custody & Trust, has also submitted an application for a Federal Reserve master account.
This would give Ripple direct access to U.S. central banking infrastructure, enabling 24/7 issuance and redemption of RLUSD and direct custody of reserves.
The effort …
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