Ripple Seeks National Bank Charter from OCC

According to Foresight News, Ripple has submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) for a national bank charter. If approved, this would enable Ripple to achieve both state and federal regulation for its stablecoin, RLUSD. Previously, Ripple's subsidiary, Standard Custody, applied for a Federal Reserve master account to directly manage RLUSD reserves.