<ul data-eligibleForWebStory="false"><li>Ripple has applied for a national banking license with the U.S. Office of the Comptroller of the Currency (OCC) and a Federal Reserve master account through its subsidiary.</li><li>The banking license would bring Ripple under federal oversight, in addition to its current regulation under New York's financial authority, potentially enhancing institutional compliance for its stablecoin RLUSD.</li><li>Ripple aims to set new standards in the stablecoin market by combining state and federal regulatory frameworks, focusing on transparency, institutional trust, and regulatory compliance.</li><li>The application for a Federal Reserve master account aims to provide direct reserve custody, improve liquidity, transparency, and stability for RLUSD, and potentially precede offers of regulated crypto services in a bank-compliant framework.</li></ul>

Ripple Files For A Bold U.S. Bank License and Fed Master Account

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