Ripple Applies for US National Bank License Amid Stablecoin Push

Ripple has applied for a US national banking license, expanding its regulatory ambitions as it prepares to scale its RLUSD stablecoin and payment services. The company submitted its application to the Office of the Comptroller of the Currency (OCC) on Wednesday. If approved, Ripple would gain the authority to operate as a federally regulated bank, bypassing the need for state-by-state money transmitter licenses. The move places Ripple among a growing group of crypto firms seeking deeper integration with the US financial system source: https://beincrypto.com/ripple-us-bank-license-stablecoin-rlusd/