Game On? Ripple Nears RLUSD-Powered Banking License

The 120-day review for Ripple’s national bank license ends today, potentially making the San Francisco-based fintech the first one to gain a traditional bank status. Signed by top Ripple Labs executives, the Ripple National Trust Bank will be located at 111-119 West 19th Street, Floor 6, New York.

Namely, Ripple’s banking license became a reality last summer, when both Genius & Clarity acts gained traction in the Oval Office, focusing on legally-compliant & American-made stablecoins. One of them is Ripple’s own RLUSD, running on the XRP Ledger.

Implications On XRP If Ripple Lands Bank License

Running under direct federal oversight, Ripple’s new bank in the United States (USA) can pave the way for RLUSD’s use on a federal grade, potentially ousting Circle USD (USDC) in the competition for stablecoin-based cross-border payments. With the rising adoption, Ripple’s native XRP coin would also get a substantial liquidity boost.

According to Messari, XRP’s native coin is already a big player in the Real World Asset (RWA) field. Within the last quarter, XRPL Ledger picked up 215% in institutional-level investments regarding RWAs. Messari’s experts called this “evolving from a payments network to a full-scale, compliance-ready blockchain ecosystem.”

On top of that, Ripple’s blockchain saw a 46% crypto wallet growth during Q3 of 2025, while the network’s RLUSD stablecoin hit a dominance of nearly 35%, inching closer to USDC stablecoin. Now, RLUSD is the undisputed leader on XRP Ledger with 56.98% of dominance amid a $214.15 million market cap, says data from DefiLlama.

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People Also Ask:

What is Ripple’s bank license application? Ripple applied for a national trust bank charter from the U.S. Office of the Comptroller of the Currency (OCC) in July 2025 to regulate its RLUSD stablecoin federally.

What is RLUSD? RLUSD is Ripple’s USD-pegged stablecoin, a digital asset that maintains a steady $1 value by holding dollar reserves, making it stable for payments and transfers in crypto.

Why does Ripple want this license? The license adds federal oversight to RLUSD alongside state rules, boosting transparency, security, and trust for users in the stablecoin space.

What happens if approved? Ripple gains a Federal Reserve master account to hold RLUSD reserves directly with the central bank, enabling faster, safer issuance and redemptions around the clock.

Is this a full traditional bank? No, it’s a limited trust bank charter; Ripple cannot take deposits or make loans but focuses on custodying assets like RLUSD for secure crypto operations.

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