<ul data-eligibleForWebStory="false"><li>Ripple has applied for a national banking license with the U.S. Office of the Comptroller of the Currency, aiming to act as a custodian for its reserves under federal banking regulations.</li><li>This move comes amidst Ripple's progress in its legal battles and a trend among stablecoin issuers seeking federal oversight in the crypto market.</li><li>If approved, Ripple would have both state and federal oversight, setting a new benchmark for trust in the stablecoin market.</li><li>XRP's price was at $2.26, showing a 4.2% gain on the day as Ripple makes strides to expand its cryptocurrency services and operate nationwide.</li></ul>

XRP Price Eruption Hangs On As Ripple Applies For US National Bank Charter

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