{"id":34976,"date":"2025-07-03T07:16:50","date_gmt":"2025-07-03T07:16:50","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=34976"},"modified":"2025-07-03T07:16:50","modified_gmt":"2025-07-03T07:16:50","slug":"ripple-files-for-u-s-banking-license-for-xrp-and-rlusd","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=34976","title":{"rendered":"Ripple Files for U.S. Banking License for XRP and RLUSD"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">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><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> 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<p><span data-preserver-spaces=\"true\">Ripple\u2019s CEO, <\/span><span data-preserver-spaces=\"true\">Brad<\/span> <span data-preserver-spaces=\"true\">Garlinghouse,<\/span><span data-preserver-spaces=\"true\"> confirmed the application publicly, pointing out that RLUSD already operates under New York\u2019s financial regulators.<\/span><span data-preserver-spaces=\"true\"> 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><span data-preserver-spaces=\"true\">be taken<\/span><span data-preserver-spaces=\"true\"> seriously.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">The Bigger Picture Behind the Charter<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">So what does this <\/span><span data-preserver-spaces=\"true\">actually<\/span><span data-preserver-spaces=\"true\"> mean? A bank charter gives Ripple a way to hold reserves directly with the Federal Reserve. <\/span><span data-preserver-spaces=\"true\">That <\/span><span data-preserver-spaces=\"true\">cuts out<\/span><span data-preserver-spaces=\"true\"> third-party banks, <\/span><span data-preserver-spaces=\"true\">simplifies<\/span><span data-preserver-spaces=\"true\"> operations, and <\/span><span data-preserver-spaces=\"true\">improves<\/span><span data-preserver-spaces=\"true\"> transparency.<\/span><span data-preserver-spaces=\"true\"> It also means RLUSD could be settled faster and more reliably, especially during nights or weekends when traditional systems shut down.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f1fa-1f1f8.png\" alt=\"\ud83c\uddfa\ud83c\uddf8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> NEW: Ripple has applied for a U.S. National Bank License <a href=\"https:\/\/t.co\/cMoTtdTrlJ\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/cMoTtdTrlJ<\/a><\/p>\n<p>\u2014 Ashjessy <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f4b9.png\" alt=\"\ud83d\udcb9\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f9f2.png\" alt=\"\ud83e\uddf2\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> (@MS12326) <a href=\"https:\/\/twitter.com\/MS12326\/status\/1940588639836426578?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">July 3, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">Ripple would use its subsidiary, Standard Custody &amp; 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><span data-preserver-spaces=\"true\">For a stablecoin <\/span><span data-preserver-spaces=\"true\">trying to compete<\/span><span data-preserver-spaces=\"true\"> with <\/span><span data-preserver-spaces=\"true\">the likes of<\/span><span data-preserver-spaces=\"true\"> USDC and Tether, this could be a <\/span><span data-preserver-spaces=\"true\">major<\/span><span data-preserver-spaces=\"true\"> advantage.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Ripple Is Not Alone<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The timing is no coincidence. Earlier this week, Circle\u2014the company behind USDC\u2014also filed for a national trust bank license. <\/span><span data-preserver-spaces=\"true\">Circle <\/span><span data-preserver-spaces=\"true\">wants<\/span><span data-preserver-spaces=\"true\"> to <\/span><span data-preserver-spaces=\"true\">create<\/span><span data-preserver-spaces=\"true\"> a fully regulated institution <\/span><span data-preserver-spaces=\"true\">focused<\/span><span data-preserver-spaces=\"true\"> on digital dollars and tokenized assets.<\/span> <span data-preserver-spaces=\"true\">Both Ripple and Circle are <\/span><span data-preserver-spaces=\"true\">reading<\/span><span data-preserver-spaces=\"true\"> the same playbook: take the stablecoin game into regulated territory before the rules <\/span><span data-preserver-spaces=\"true\">get<\/span><span data-preserver-spaces=\"true\"> even tougher.<\/span><\/p>\n<div class=\"cpp-crypto-chart cpp-crypto-chart-99btc cpp-crypto-chart-xrp\" data-coin-symbol=\"xrp\" data-price-usd=\"XRP Price (USD)\" data-main-color=\"#4caf05\" data-watermark-image=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/99bitcoins-logo.png\" data-chart-style=\"99btc\">\n<div class=\"cpp-chart-top-section\">\n<div class=\"cpp-chart-info-section\">\n<div class=\"cpp-chart-logo\"><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/03\/05094533\/xrp-xrp-logo.svg\" alt=\"xrp logo\"><\/div>\n<div class=\"cpp-chart-coin-details\">\n<div class=\"cpp-chart-labels-row\">\n<div class=\"cpp-chart-coin-name\">XRP<\/div>\n<div class=\"cpp-chart-price-info\">Price<\/div>\n<div class=\"cpp-chart-market-cap\">Market Cap<\/div>\n<\/div>\n<div class=\"cpp-chart-values-row\">\n<div class=\"cpp-chart-coin-symbol\">XRP<\/div>\n<div class=\"cpp-chart-price\"><\/div>\n<div class=\"cpp-chart-market-cap-value\">$132.19B<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"cpp-chart-selectors cpp-chart-selectors-99btc\"><span class=\"cpp-chart-selector\" data-period=\"24h\">24h<\/span><span class=\"cpp-chart-selector\" data-period=\"7d\">7d<\/span><span class=\"cpp-chart-selector\" data-period=\"30d\">30d<\/span><span class=\"cpp-chart-selector\" data-period=\"1y\">1y<\/span><span class=\"cpp-chart-selector\" data-period=\"all_time\">All time<\/span><\/div>\n<\/div>\n<p><canvas id=\"cpp-chart-686616b797b2d\" class=\"cpp-chart-container cpp-chart-container-99btc\"><\/canvas><\/div>\n<p><span data-preserver-spaces=\"true\">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><span data-preserver-spaces=\"true\">And with the GENIUS Act gaining traction in the Senate, regulation for stablecoins is no longer <\/span><span data-preserver-spaces=\"true\">hypothetica<\/span><span data-preserver-spaces=\"true\">l<\/span><span data-preserver-spaces=\"true\">.<\/span> <span data-preserver-spaces=\"true\">Standards around reserves, disclosures, and investor protection are already <\/span><span data-preserver-spaces=\"true\">being written<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">9+ Best High-Risk, High-Reward Crypto to Buy in July2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">RLUSD\u2019s Position and What Comes Next<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">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<figure id=\"attachment_255602\" aria-describedby=\"caption-attachment-255602\" style=\"width: 1000px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-255602\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/Ripple-Banking-License-Could-Reshape-Stablecoin-Market.jpg\" alt=\"Ripple Banking License Could Reshape Stablecoin Market\" width=\"1000\" height=\"404\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/Ripple-Banking-License-Could-Reshape-Stablecoin-Market.jpg 1000w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/Ripple-Banking-License-Could-Reshape-Stablecoin-Market-300x121.jpg 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/Ripple-Banking-License-Could-Reshape-Stablecoin-Market-768x310.jpg 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/Ripple-Banking-License-Could-Reshape-Stablecoin-Market-50x20.jpg 50w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-255602\" class=\"wp-caption-text\">Source: Shutterstock<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">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<h2><span data-preserver-spaces=\"true\">What to Watch<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">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><span data-preserver-spaces=\"true\">is granted<\/span><span data-preserver-spaces=\"true\">, Ripple will have one of the strongest compliance setups in the stablecoin market.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> 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><span data-preserver-spaces=\"true\">ready<\/span><span data-preserver-spaces=\"true\"> 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<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener nofollow\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Ripple has applied for a U.S. national banking charter to bring its RLUSD stablecoin under federal oversight.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The move would allow Ripple to hold reserves directly with the Federal Reserve, improving transparency and settlement speed.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Ripple\u2019s charter bid comes alongside similar moves from Circle, as both aim to meet stricter stablecoin regulations early.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        If approved, Ripple could expand into digital asset custody and cross-border payments under full federal supervision.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        RLUSD currently has a $470 million market cap, and this banking move could make it more competitive with top stablecoins.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><br \/>\n    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/adoption\/ripple-files-for-u-s-banking-license-for-xrp-and-rlusd\/\">Ripple Files for U.S. Banking License for XRP and RLUSD<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-34976","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34976"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34976\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}