Ripple applies for U.S. banking license to boost stablecoin ambitions
Ripple has filed for a national banking license with the OCC, aiming to bring its RLUSD stablecoin under both federal and state regulation.
— RLUSD is already regulated by NYDFS
— Ripple seeks to custody reserves directly with the U.S. Federal Reserve
— Its subsidiary applied for a Fed master account on June 30 to enable 24/7 stablecoin issuance/redemption
