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Ripple applies for a national bank charter from OCC in the United States, planning to strengthen RLUSD regulation.

GateNews

Gate News bot news, The Wall Street Journal reported that the blockchain payment company Ripple has submitted a national bank charter application to the Office of the Comptroller of the Currency (OCC). Once approved, Ripple’s stablecoin RLUSD will be subject to oversight at both the state and federal levels. The report mentioned that Ripple’s subsidiary Standard Custody had previously applied for a primary account with The Federal Reserve (FED), with the aim of directly managing the reserve funds for RLUSD.

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