Ripple dey find OCC Trust Bank Charter plus Fed Master Account for RLUSD
Ripple don apply for Office of the Comptroller of the Currency (OCC) for one limited-purpose national trust bank charter to make Ripple National Trust Bank, wey be subsidiary fully owned by Ripple Labs. The trust bank go hold RLUSD reserves and dey provide fiduciary services for digital payments—dem go dey focus on tokenization and business-to-business solutions without accepting deposits or issuing loans. Ripple dey also try get Federal Reserve master account to waka around intermediary banks, reduce transaction costs, and make settlements fast. Governance go dey under five-member board wey Chief Legal Officer Stuart Alderoty go lead. This charter go put RLUSD stablecoin services under OCC supervision, wey go make regulatory compliance and scalability better. Confidential parts of the application talk about one potential IPO and show say Ripple get bigger aim to strong US financial infrastructure, improve payment efficiency, and make institutions trust its digital assets more.
Neutral
Di tori talk na licensing plus how dem take fix infrastructure for RLUSD stablecoin plus Ripple trust bank. Regulatory compliance matter like dis no dey cause price movements sharp sharp for stablecoins like RLUSD, e mean say e get neutral effect for short term. For long run, better Fed access plus OCC oversight fit help make more people use am plus keep liquidity stable, wey go boost market trust without make price shake. Traders suppose see dis development as better upgrade to infrastructure, no be as direct cause of price wahala.