The post Ripple applies for the federal banking license for its stablecoin RLUSD appeared on BitcoinEthereumNews.com.

Ripple has applied for a federal banking license, a move aimed at redefining the regulation of RLUSD and, more generally, the landscape of digital assets in the United States. Stablecoin and regulation: Ripple seeks the national banking license Ripple has submitted an application for a national banking license with the U.S. Office of the Comptroller of the Currency (OCC), thus initiating a path that could lead RLUSD to become the most regulated stablecoin on the market. The purpose of this initiative is to place RLUSD, Ripple’s dollar-backed token, under federal supervision and expand the offering of crypto financial services within the traditional banking system of the United States. The request, formalized on Wednesday, fits into a context of increasing regulatory attention on stablecoin. If approved, it would bring Ripple under dual supervision: at the state level through the New York Department of Financial Services (NYDFS) and at the federal level through the OCC. Ripple’s goal is clear: to build trust and transparency, thus responding to growing demands for security in the digital asset sector. RLUSD: characteristics of Ripple’s stablecoin and position in the market RLUSD, the stablecoin pegged to the US dollar, was launched in December 2024 and currently has a market capitalization of approximately 470 million dollars. Although it is significantly smaller compared to market leaders like Tether and Circle’s USDC, RLUSD has already positioned itself among the most adopted stablecoins in the United States. The distinctive feature of RLUSD is transparency: the application for a national banking license aims to ensure maximum regulatory oversight, offering investors and financial institutions an asset regulated at both the state and federal levels. This would represent a “unique benchmark” for trust in the stablecoin segment, as emphasized by Ripple’s CEO, Brad Garlinghouse. Fedele alle nostre radici di conformità di lunga data, @Ripple…

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Filed under: News - @ July 3, 2025 10:24 am