Catenaa, Thursday, July 03, 2025- Following Circle, Ripple also had applied for a US national bank charter and a Federal Reserve master account as the crypto firm aims to expand its footprint in traditional finance and strengthen its stablecoin offerings.
CEO Brad Garlinghouse disclosed the move Wednesday on social media, marking Ripple’s most direct push yet into regulated banking services.
The Office of the Comptroller of the Currency confirmed receipt of Ripple’s application.
If approved, the charter would allow Ripple to offer banking services directly, bypassing intermediaries and reducing settlement costs for its crypto-based transactions.
The firm is also seeking direct access to the Fed’s payments infrastructure, which would allow it to hold reserves for its stablecoin RLUSD at the central bank.
The bank application follows Circle’s recent move to form a federally chartered trust bank, coming weeks after its IPO. These developments underscore growing momentum among major crypto firms to obtain clearer regulatory status as stablecoin adoption accelerates.
Ripple’s timing coincides with fresh optimism around crypto regulation.
The GENIUS Act, recently passed by the US Senate, introduces a framework that analysts say could help integrate stablecoins into the mainstream financial system.
