Reported about 18 hours ago
Ripple has applied for a national bank charter in the U.S. to improve payment processing and gain regulatory legitimacy, following similar actions by Circle. This move is part of a broader trend among crypto firms seeking clearer regulations to integrate more closely with traditional finance. Approval of Ripple's charter would allow it to bypass intermediary banks and settle payments more efficiently, and the company is also seeking access to the Federal Reserve's payment infrastructure for its stablecoin reserves.
Source: YAHOO