Ripple applies for a US banking license after Circle, plans to provide more crypto services

By: odaily.com|2025/07/03 03:05:56

Odaily News According to the Wall Street Journal, Ripple submitted an application for a national bank license to the U.S. Office of the Comptroller of the Currency (OCC) on Wednesday. If approved, Ripple will achieve dual state and federal supervision of the stablecoin RLUSD. Ripple CEO said this move will establish a new trust benchmark in the stablecoin market. Previously, the subsidiary Standard Custody also applied for the Federal Reserves main account, intending to directly custody the RLUSD reserves. This move comes at a time when the Trump administration is relaxing crypto regulation and encouraging federal license applications. (The Block)
According to previous news, Circle applied for a U.S. national banking license and planned to independently manage USDC reserves.

You may also like

News thumbnail

Lil Pump’s Bold Solana Tattoo Move: Rapper Dumps SOL Tokens After Inking Blockchain Name on Forehead

As of August 14, 2025, the world of crypto and celebrity antics continues to collide in unexpected ways.…

crypto insight|2025/08/14 07:40:17
News thumbnail

Fairdesk Crypto Exchange Shuts Down Amid Regulatory Pressures: A Look Back on Its Closure

As of today, August 14, 2025, the cryptocurrency landscape continues to evolve rapidly, with past events like the…

crypto insight|2025/08/14 07:40:18
News thumbnail

Bitcoin Faces Resistance at $125K, Signaling Potential Consolidation Before Surge to $140K

As of today, August 14, 2025, the cryptocurrency market is buzzing with activity, and Bitcoin is at the…

crypto insight|2025/08/14 07:40:18
News thumbnail

XRP Price Chart Signals Potential 75% Surge as SEC Concludes Lawsuit Against Ripple

As of today, August 14, 2025, XRP continues to navigate a key legal obstacle with an injunction limiting…

crypto insight|2025/08/14 07:40:19
News thumbnail

Kalshi Election Betting Contracts Surge After Major Court Victory

The innovative prediction marketplace Kalshi has rolled out over a dozen contracts linked to U.S. political events since…

crypto insight|2025/08/14 07:40:19
Share
copy

Gainers

Community
iconiconiconiconiconiconiconicon

Customer Support@weikecs

Business Cooperation@weikecs

Quant Trading & MM[email protected]

VIP Services[email protected]