<ul data-eligibleForWebStory="false"><li>Ripple has applied for a national bank charter with the OCC and a Federal Reserve master account to enhance its credibility and regulatory standing.</li><li>Acquiring these approvals would grant Ripple direct access to the Fed and help eliminate counterparty risks for its stablecoin, RLUSD.</li><li>The XRP community is enthusiastic about this development as it could legitimize RLUSD, making it more attractive to traditional financial institutions.</li><li>The improved regulatory status could also enhance XRP's appeal for cross-border payments and potentially increase its adoption by institutions, leading to a rise in demand and price.</li></ul>

Here’s What Ripple Banking License Could Mean for XRP

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