Ripple Pursues US Banking License to Strengthen RLUSD Stablecoin Credibility
Published at：2025年07月03日 15:27
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Ripple Labs has initiated proceedings to secure a US national banking charter as part of its strategy to enhance institutional confidence in its RLUSD stablecoin. This regulatory move positions Ripple among cryptocurrency firms increasingly seeking formal oversight to establish trust.
In a significant development, Ripple CEO Brad Garlinghouse confirmed via social media that the company has submitted its application to the Office of the Comptroller of the Currency (OCC), the primary federal bank regulator. 'Consistent with our compliance-focused approach, Ripple is pursuing a national bank charter through the OCC,' stated Garlinghouse.
The executive explained that successful approval would subject Ripple to dual-layer regulatory supervision - both through state-level oversight by the New York Department of Financial Services (NYDFS) and federal monitoring. Garlinghouse positioned this innovative regulatory framework as potentially establishing new industry standards for stablecoin trust mechanisms.
In parallel developments, Ripple has applied for a Federal Reserve Master Account, which would grant direct access to central banking services. This strategic move would enable Ripple to maintain RLUSD reserve accounts directly with the Federal Reserve, introducing an additional safeguard layer to ensure stablecoin reliability.
The application was facilitated through Standard Custody, a cryptocurrency custody specialist acquired by Ripple in February 2024. Garlinghouse emphasized, 'In a $250+ billion market, RLUSD distinguishes itself through regulatory-first positioning, meeting institutional expectations for trusted, secure infrastructure.'
This regulatory push follows Circle's recent application to establish the First National Digital Currency Bank, N.A. through the OCC. The USDC issuer seeks to directly manage stablecoin reserves rather than depending solely on external banking partners.
These strategic moves coincide with legislative progress on the GENIUS Act, which recently cleared Senate review but awaits House consideration. The proposed legislation would impose stricter reserve and reporting requirements for dollar-pegged stablecoins.
In a significant development, Ripple CEO Brad Garlinghouse confirmed via social media that the company has submitted its application to the Office of the Comptroller of the Currency (OCC), the primary federal bank regulator. 'Consistent with our compliance-focused approach, Ripple is pursuing a national bank charter through the OCC,' stated Garlinghouse.
The executive explained that successful approval would subject Ripple to dual-layer regulatory supervision - both through state-level oversight by the New York Department of Financial Services (NYDFS) and federal monitoring. Garlinghouse positioned this innovative regulatory framework as potentially establishing new industry standards for stablecoin trust mechanisms.
In parallel developments, Ripple has applied for a Federal Reserve Master Account, which would grant direct access to central banking services. This strategic move would enable Ripple to maintain RLUSD reserve accounts directly with the Federal Reserve, introducing an additional safeguard layer to ensure stablecoin reliability.
The application was facilitated through Standard Custody, a cryptocurrency custody specialist acquired by Ripple in February 2024. Garlinghouse emphasized, 'In a $250+ billion market, RLUSD distinguishes itself through regulatory-first positioning, meeting institutional expectations for trusted, secure infrastructure.'
This regulatory push follows Circle's recent application to establish the First National Digital Currency Bank, N.A. through the OCC. The USDC issuer seeks to directly manage stablecoin reserves rather than depending solely on external banking partners.
These strategic moves coincide with legislative progress on the GENIUS Act, which recently cleared Senate review but awaits House consideration. The proposed legislation would impose stricter reserve and reporting requirements for dollar-pegged stablecoins.
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