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![CorleoneDon77 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1577382889104318472.png) DonCorleone77 [@CorleoneDon77](/creator/twitter/CorleoneDon77) on x 5399 followers
Created: 2025-07-02 18:29:30 UTC

$MSTR $COIN $MARA $RIOT $BTBT $BITF $WULF $GREE $SDIG $CORZ $BTC $XRP

Ripple applying for U.S. banking license, WSJ reports

Ripple, which manages cross-border payments and a dollar-backed stablecoin called RLUSD, has applied for a national banking license, The Wall Street Journal's Vicky Ge Huang reports. RLUSD is currently subject to state oversight through the New York Department of Financial Services. 

"The dual nature of that regulation would basically have set a new bar for transparency and compliance in the stablecoin market," said Jack McDonald, senior vice president of stablecoins at Ripple. Earlier this week, Ripple's subsidiary Standard Custody & Trust Company applied for a Federal Reserve master account. 

Publicly traded companies in the space include Bit Digital (BTBT), Bitfarms (BITF), Coinbase (COIN), Core Scientific (CORZ), Greenidge Generation (GREE), Mara Holdings (MARA), Riot Platforms (RIOT), Strategy (MSTR), Stronghold Digital Mining (SDIG) and TeraWulf (WULF).


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[wsj](/topic/wsj)
[banking](/topic/banking)
[$xrp](/topic/$xrp)

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