In the future, Ripple could expand its services with cryptocurrencies from its banking structure.
The “Era Trump” brought favorable regulations for the cryptocurrency industry.
Ripple, an XRP and Ripple Usd cryptocurrency company (RLUSD), submitted a request to obtain a national banking license In the United States.
If you achieve approval, I would place your stablecoin rlusdbacked by dollarsunder the direct supervision of the Office of the Comptroller of La Moneda (Occ)organism that regulates national banks.
Currently, Rlusd operates under state regulation, specifically supervised by the Department of Financial Services of New York. If the application is approved, the OC would become its new main regulator.
In addition to the bank license request, a Ripple subsidiary – Standard Custody & Trust Company – requested a master account in the Federal Reserve. If granted, this account would allow Ripple directly guarding his reservations in the Central Bank and issuing or redeeming Stablcoins outside the usual banking schedule, something key to the continuous operation of these digital assets.
Ripple also suggested – according to sources consulted by Wall Street Journal – that, in the future, could expand its service offer with cryptocurrencies from its banking structure If the license is approved.
As cryptootics has reported, with the arrival of Donald Trump to the presidency of the United States, the regulatory environment has become more friendly towards the cryptocurrency industry and many companies are encouraging to advance with new projects without fear of reprisals.
