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The company Fintech Ripple Labs requests an American banking license in order to stimulate the confidence of its Stablecoin Rlusd and to deepen its links in the traditional financial system.
In a July 2 x jobThe CEO of Ripple, Brad Garnlinghouse, confirmed the news following a previous report Wall Street Journal. In his post, he declared that the company asked for a license from the US office of the Currency Controller (OCS).
This decision, according to him, is one of Ripple’s “longtime roots of compliance”.
Ripple seeks to stimulate confidence in the Stablecoin Rlusd as Genius Act progresses
If Ripple Labs receives the American banking license, it would create a “new reference (and unique!) For confidence in the Stablescoin market,” said Garlinghouse. Indeed, the company would be under federal and state supervision, since the New York Ministry of Finance already regulates Ripple USD (RUSD), the company’s stablecoin product.
Garlignhouse confirmation of the deposit comes only 2 days after CircleThe transmitter of the second largest USDC in Stablecoin, asked the OUT to create a national trust bank that would supervise the reserves of its product.
This license, if granted, would allow Circle to operate as a trust bank regulated by the federal government, which gives it direct access to the payment systems of the federal reserve. This means that the USDC could enter and get out of the Fed financial plumbing without the need for intermediate banks giving it the … pic.twitter.com/djeimhvjox
– M. Man (@mrmanxrp) June 30, 2025
This follows the adoption by the American Senate of a bill linked to the regulation of Stablecoins, called the Genius. This bill presents standards that the pointed tokens transmitters must follow, including that the WC will supervise larger issuers.
Ripple also seeks to access the American central banking system
Garlinghouse added in its X Post that Ripple also applied for a main account in the Federal Reserve through Standard, a digital police custody company that the company acquired in February from last year. If this request is approved, it will give the company access to the American central banking system.
This access would then allow Ripple “to maintain the RUSD reserves $ directly with the Fed and to provide an additional safety layer to Future Proof Trust in Rlusd,” said the CEO.
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