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Crypto Giant Ripple Applies for National Banking License in the U.S.

  • Ripple has applied for a national banking license in the U.S. to operate across state lines.
  • This move would subject its U.S. dollar-pegged stablecoin, RLUSD, to OCC supervision.
  • The national charter would provide deeper transparency and risk management assurances in the stablecoin space.
  • Ripple's ambitions with the banking license hint at expanding into additional crypto-based financial services beyond cross-border payments.

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