Ripple Seeks U.S. National Banking License for Enhanced Regulation

Ripple has applied for a national banking license with the U.S. Office of the Comptroller of the Currency on July 2, 2025, aiming to enhance federal oversight.

This application seeks to enhance regulatory trust in its RLUSD stablecoin, following moves by major firms like Circle and Anchorage Digital.

Ripple Seeks U.S. National Banking License for Enhanced Regulation

Ripple has submitted a federal banking license application to the U.S. Office of the Comptroller of the Currency. If approved, this will place its RLUSD stablecoin under federal regulation. Ripple’s CEO, Brad Garlinghouse, emphasized this as setting a new benchmark for trust.

With NYDFS oversight already in place for RLUSD, federal oversight promises stricter regulation. This aims to boost transparency and compliance, potentially increasing trust from institutional partners. Garlinghouse stated the dual regulation approach would set a bar for transparency.

“If approved, we would have both state (via NYDFS) and federal oversight, a new (and unique!) benchmark for trust in the stablecoin market.” — Brad Garlinghouse, CEO, Ripple

The crypto community has shown interest in Ripple’s strategic regulatory move. Industry peers like Circle and Coinbase who are also pursuing similar licenses, are observing closely. Market reactions as of now focus on the potential boost in stablecoin trust and adoption.

Ripple’s National Banking License: Potential Impact Analyzed

Did you know? Ripple’s application for a national banking license mirrors Anchorage Digital’s success, the sole crypto firm with a U.S. national trust bank charter.

CoinMarketCap data shows Ripple USD (RLUSD) maintains a consistent value of $1.00, with a market cap of $469.17 million. Despite a recent 16.48% drop in 24-hour volume, its price change remains negligible over the past 30 days, reflecting market stability.

According to Coincu research, obtaining a banking license could represent a significant regulatory advancement for Ripple. This move might encourage wider adoption of RLUSD, fostering a new wave of institutional partnerships and increased liquidity, aligning with existing trends in the stablecoin market.