ExchangeDEX+
Buy CryptoMarketsSpotFuturesGOLDEarnEvent Center
More
Commodity Zero-Fee Gala
PANews reported on July 3 that Ripple submitted an application for a federal banking license to the U.S. Office of the Comptroller of the Currency (OCC) on Wednesday. If approved,PANews reported on July 3 that Ripple submitted an application for a federal banking license to the U.S. Office of the Comptroller of the Currency (OCC) on Wednesday. If approved,

Ripple applies for a US banking license after Circle, and its subsidiary Standard Custody applies for a Federal Reserve master account

Author: PANews
Source: PANews
2025/07/03 08:05
1 min read

PANews reported on July 3 that Ripple submitted an application for a federal banking license to the U.S. Office of the Comptroller of the Currency (OCC) on Wednesday. If approved, Ripple will be regulated by the OCC, and its stablecoin RLUSD will also be included in the regulatory scope. In addition, Ripple plans to provide more crypto services through the banking license. Ripple CEO Brad Garlinghouse said that this move is part of the company's long-term compliance strategy. If successfully approved, Ripple will achieve dual supervision at the state level (through NYDFS) and the federal level, setting a new trust benchmark for the stablecoin market.

At the same time, Ripple's subsidiary Standard Custody & Trust Company also applied for a Federal Reserve master account this week, which will enable Ripple to deposit RLUSD reserves directly with the Federal Reserve.

It is worth mentioning that this Monday, Circle also submitted an application for a federal banking license to the OCC, planning to serve as its reserve custodian and hold crypto assets for institutional clients.

Earlier news, Circle applied for a US banking license to custody USDC reserves .

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

The Expo Group Selected as Official Services Contractor for PRINTING United Expo, One of North America’s Largest Printing Industry Events

The Expo Group Selected as Official Services Contractor for PRINTING United Expo, One of North America’s Largest Printing Industry Events

IRVING, Texas, Feb. 24, 2026 /PRNewswire/ — The Expo Group, a team of Architects Connecting Communities™, delivering premium service and custom design-build trade
Share
AI Journal2026/02/24 23:01
Why The Green Bay Packers Must Take The Cleveland Browns Seriously — As Hard As That Might Be

Why The Green Bay Packers Must Take The Cleveland Browns Seriously — As Hard As That Might Be

The post Why The Green Bay Packers Must Take The Cleveland Browns Seriously — As Hard As That Might Be appeared on BitcoinEthereumNews.com. Jordan Love and the Green Bay Packers are off to a 2-0 start. Getty Images The Green Bay Packers are, once again, one of the NFL’s better teams. The Cleveland Browns are, once again, one of the league’s doormats. It’s why unbeaten Green Bay (2-0) is a 8-point favorite at winless Cleveland (0-2) Sunday according to betmgm.com. The money line is also Green Bay -500. Most expect this to be a Packers’ rout, and it very well could be. But Green Bay knows taking anyone in this league for granted can prove costly. “I think if you look at their roster, the paper, who they have on that team, what they can do, they got a lot of talent and things can turn around quickly for them,” Packers safety Xavier McKinney said. “We just got to kind of keep that in mind and know we not just walking into something and they just going to lay down. That’s not what they going to do.” The Browns certainly haven’t laid down on defense. Far from. Cleveland is allowing an NFL-best 191.5 yards per game. The Browns gave up 141 yards to Cincinnati in Week 1, including just seven in the second half, but still lost, 17-16. Cleveland has given up an NFL-best 45.5 rushing yards per game and just 2.1 rushing yards per attempt. “The biggest thing is our defensive line is much, much improved over last year and I think we’ve got back to our personality,” defensive coordinator Jim Schwartz said recently. “When we play our best, our D-line leads us there as our engine.” The Browns rank third in the league in passing defense, allowing just 146.0 yards per game. Cleveland has also gone 30 straight games without allowing a 300-yard passer, the longest active streak in the NFL.…
Share
BitcoinEthereumNews2025/09/18 00:41
Underscore Marketing Appoints Keith Betz as Chief Client Officer Amid Growing Demand for Accountability in Pharma Marketing

Underscore Marketing Appoints Keith Betz as Chief Client Officer Amid Growing Demand for Accountability in Pharma Marketing

NEW YORK, Feb. 24, 2026 /PRNewswire/ — Underscore Marketing today announced the appointment of Keith Betz as Chief Client Officer, a newly created executive role
Share
AI Journal2026/02/24 23:46