{"id":4829,"date":"2025-07-03T05:27:09","date_gmt":"2025-07-03T05:27:09","guid":{"rendered":"https:\/\/bitunikey.com\/news\/ripple-applies-for-national-banking-license-and-fed-master-account\/"},"modified":"2025-07-03T05:27:13","modified_gmt":"2025-07-03T05:27:13","slug":"ripple-applies-for-national-banking-license-and-fed-master-account","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/ripple-applies-for-national-banking-license-and-fed-master-account\/","title":{"rendered":"Ripple applies for national banking license and Fed master account"},"content":{"rendered":"

<\/p>\n

\n

Ripple is seeking a national banking charter in the United States, a move that would bring the crypto firm under both federal and state regulatory oversight.<\/p>\n

In a post<\/a> published Wednesday on X, Ripple CEO Brad Garlinghouse confirmed that the company has formally applied for a national bank charter with the Office of the Comptroller of the Currency. <\/p>\n

The application, which has already been acknowledged by the regulator, is a major step for Ripple as it looks to deepen its role in the stablecoin sector through its U.S. dollar-backed RLUSD token. Garlinghouse also disclosed that Ripple has applied for a Federal Reserve master account via its subsidiary Standard Custody. <\/p>\n

The account would improve settlement infrastructure and boost stablecoin backing security if it were approved, enabling Ripple to hold RLUSD reserves directly with the U.S. central bank. <\/p>\n

\n
\n
\n

True to our long-standing compliance roots, @Ripple<\/a> is applying for a national bank charter from the OCC. If approved, we would have both state (via NYDFS) and federal oversight, a new (and unique!) benchmark for trust in the stablecoin market.<\/p>\n

Earlier in the week via\u2026 https:\/\/t.co\/IdiR7x3eWZ<\/a><\/p>\n

\u2014 Brad Garlinghouse (@bgarlinghouse) July 2, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

With this access, Ripple would no longer need to rely on middle banks and would have direct access to the Fed\u2019s payment rails. Ripple launched RLUSD in December 2024. <\/p>\n

<\/p>\n

While still small compared to market leaders like Tether (USDT) and Circle\u2019s USD Coin (USDC), RLUSD has grown to a market value of around $470 million, according to DefiLlama data<\/a>. The firm is currently regulated at the state level through the New York Department of Financial Services, but a national bank charter would give Ripple a unique dual oversight structure.<\/p>\n

The application follows a similar move by Circle, which recently filed to create a national trust bank. Both companies are preparing for the implementation of the GENIUS Act, a federal bill that passed the Senate in May and proposes clear standards for stablecoin issuers. Under the bill, the OCC would be tasked with supervising larger dollar-pegged token providers.<\/p>\n

As it seeks stronger regulatory status, Ripple continues to gain attention in financial markets. XRP (XRP), the native token tied to Ripple\u2019s ecosystem, is up 4% over the past 24 hours. Trading volume climbed to $3.65 billion, a 38% daily increase.\u00a0<\/p>\n

On the derivatives side, Coinglass data<\/a> shows that open interest rose 8% to $4.5 billion and XRP futures saw a 29% increase in volume to $7.38 billion. The uptick in both trading and open positions reflects growing market attention amid Ripple\u2019s regulatory push.<\/p>\n

<\/p><\/div>\n