Ripple applies for US banking license, aiming to expand into mainstream finance

Ripple announced it would seek an official US banking license, joining other crypto companies in seeking a link to traditional finance. Banking reserves may raise the reliability of RLUSD, as they become an official requirement based on the Genius stablecoin bill. source: https://www.cryptopolitan.com/ripple-applies-for-us-banking-license-aiming-to-expand-into-mainstream-finance/