Ripple Files for U.S. Banking License for XRP and RLUSD

Ripple is making a serious move into traditional finance. The company behind XRP has applied for a national banking charter in the United States, aiming to bring its RLUSD stablecoin under direct federal oversight. This isn’t just about checking boxes. It’s a strategic attempt to give RLUSD a stronger foundation and open the door to a deeper role in the financial system. If approved, the Ripple banking license would allow the company to hold RLUSD reserves directly with the Federal Reserve.

Ripple’s CEO, Brad Garlinghouse, confirmed the application publicly, pointing out that RLUSD already operates under New York’s financial regulators. Getting a national charter through the Office of the Comptroller of the Currency (OCC) would expand that coverage, blending state-level approval with federal credibility. It’s also a signal to investors, regulators, and institutions that Ripple wants RLUSD to be taken seriously.

The Bigger Picture Behind the Charter

So what does this actually mean? A bank charter gives Ripple a way to hold reserves directly with the Federal Reserve. That cuts out third-party banks, simplifies operations, and improves transparency. It also means RLUSD could be settled faster and more reliably, especially during nights or weekends when traditional systems shut down.

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