<ul data-eligibleForWebStory="false"><li>Ripple Labs has applied for a national bank charter and a Federal Reserve Master Account to hold reserves directly, aiming to solidify its presence in mainstream finance.</li><li>CEO Brad Garlinghouse emphasizes Ripple's compliance efforts with its RLUSD stablecoin to set a high standard for trust in the stablecoin market, valued at over $250 billion.</li><li>The move by Ripple follows a similar bank application by Circle and coincides with the GENIUS Act tightening OCC oversight of major stablecoin issuers like Ripple.</li><li>Although Ripple faces competition in the stablecoin sector, its RLUSD token has gained significance, currently holding a market value of around $480 million.</li></ul>

Ripple Labs Seeks U.S. Bank Charter to Cement Crypto–Finance Bridge

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