Ripple Labs has applied for a national bank charter with the OCC and a Federal Reserve Master Account, aiming to bring its RLUSD stablecoin under dual oversight following the GENIUS Act. XRP rose 2.87% to $2.24. Meanwhile, Peter Thiel backs new bank Erebor for startups and crypto, and Belgium's KBC Bank plans to offer crypto investments via Bolero.
Ripple Labs formally applied for a national bank charter with the OCC and a Federal Reserve Master Account to bring its RLUSD stablecoin under dual state-federal oversight, aligning with the GENIUS Act. The move mirrors Circle's recent application. XRP rose 2.87% on the news. Meanwhile, Peter Thiel-backed Erebor bank targets startups, and Belgium’s KBC Bank plans to offer crypto investments.
Ripple Labs has applied for a national bank charter from the OCC and a Fed Master Account to bring its RLUSD stablecoin under dual regulation. The move follows Circle's similar application and market reaction pushed XRP up 2.87%. Meanwhile, Peter Thiel backs new crypto-friendly bank Erebor, and Belgium's KBC Bank prepares to offer crypto investments.
Ripple Labs has applied for a national bank charter from the OCC and a Federal Reserve Master Account to bring its RLUSD stablecoin under dual regulation, following Circle. Meanwhile, Peter Thiel and other billionaires are launching Erebor, a bank for startups and crypto firms, while Belgium's KBC Bank plans to offer crypto investments.
Ripple applies for a national bank charter from the OCC and a Fed Master Account to bring RLUSD stablecoin under dual regulation, mirroring Circle's recent move. XRP rises 2.87%. Billionaire Peter Thiel backs new bank Erebor for startups and crypto. Belgium's KBC Bank prepares to offer crypto investments.
Ripple Labs officially applied for a national bank charter with the OCC and a Federal Reserve Master Account to bring its RLUSD stablecoin under dual state-federal oversight under the GENIUS Act. Separately, Peter Thiel backs a new crypto-focused bank Erebor, while Belgium's KBC Bank announces crypto investment services.
Ripple has applied for a national bank charter with the OCC and a Master Account with the Federal Reserve, aiming to bring RLUSD under dual state-federal regulation per the GENIUS Act. XRP rose 2.87%. Separately, billionaire Peter Thiel is backing Erebor, a startup- and crypto-focused bank; Belgium's KBC Bank plans to offer Bitcoin/Ethereum investments.
Ripple Labs has applied for a US national bank charter with the OCC and a Master Account with the Federal Reserve, aiming to bring its RLUSD stablecoin under dual state and federal oversight, following Circle's similar move. Market reacted positively with XRP rising 2.87% to $2.24. Meanwhile, Peter Thiel backs new bank Erebor to fill Silicon Valley Bank's void, and Belgium's KBC Bank plans to offer crypto investments.
