Ripple's Stablecoin Business Anticipates OCC Charter License

Ripple's Senior Vice President of Stablecoin Business, Jack McDonald, announced at the "Consensus 2026" conference in Miami that Ripple currently holds a regulatory license from New York State. According to Foresight News, McDonald stated that Ripple is on the verge of obtaining an OCC charter license and has acquired multiple licenses globally. He emphasized that institutional clients require the highest level of regulatory credentials to fully unlock the market potential of stablecoins. With BNY Mellon serving as the custodian bank and partners like Deloitte providing support, there is confidence in transitioning real funds and transaction volumes onto the blockchain.