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WSJ: Ripple Is Seeking to Obtain a National Bank Charter
BlockBeats News, July 3rd, according to The Wall Street Journal, Ripple submitted an application for a national bank charter to the Office of the Comptroller of the Currency (OCC) on Wednesday, joining the growing number of cryptocurrency companies seeking to enter the mainstream financial system. Its stablecoin, RLUSD, is currently regulated by the New York State Department of Financial Services. If granted a national bank charter, this stablecoin will fall under OCC's oversight. The company stated that it plans to explore offering more cryptocurrency services in the future through this bank charter.
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