Ripple Dey Look for Trust Bank Charter for XRP and RLUSD Settlement
Ripple don apply with Office of the Comptroller of the Currency (OCC) to start one federal chartered institution wey dem go call Ripple National Trust Bank. This bank go focus on institutional liquidity plus real-time global settlement using XRP and the RLUSD stablecoin. E no go do retail services like checking accounts or mortgages but e go manage digital asset reserves and run new payment rails. The charter go grant access to FedWire and ACH so the settlement go quick and final plus e go sidestep traditional middlemen. If dem approve am, Ripple fit convert fiat directly to RLUSD, which go reduce cost and settlement time. The plan na to make XRP strong as bridge asset and boost how RLUSD dey useful for institutional finance. By handling the whole infrastructure for on-chain banking, Ripple want set new standards for custody, compliance, and risk management. This move position Ripple for the front line of next-generation financial infrastructure, and e fit follow how US dey regulate digital assets.
Bullish
Ripple application for federal trust bank charter na beta development for XRP and RLUSD. By making Ripple National Trust Bank, Ripple fit get direct access to FedWire and ACH, e go reduce reliance on middle men and make settlement time and cost lower. This control for infrastructure dey boost institutional confidence for XRP as bridge asset and e go expand RLUSD utility. Na historical, companies wey get regulatory approval—like Paxos Trust Company—see increase market trust and trading volume. For short term, traders fit respond well to news say dem align with regulation and better settlement rails, dis one go boost demand for XRP. For long term, the bank charter fit put Ripple for front as leader for on-chain banking, e go support sustained adoption of XRP and RLUSD among businesses.