Ripple has taken a significant step towards its ambition to become an official bank by applying for a national bank charter in the USA. This initiative could influence the cryptocurrency and stablecoin market.
Confirmation of the Bank Charter Application
On July 2, 2025, Ripple CEO Brad Garlinghouse confirmed that the company had applied for a national bank charter with the U.S. Office of the Comptroller of the Currency. He emphasized Ripple's goal to create a structure that would bring RLUSD, its stablecoin, under both state and federal oversight.
Official Bank Name
While Ripple confirmed the application, the official name of the bank—Ripple National Trust Bank—was revealed by user XRP 🅧 Army on the X platform. The post included verifiable documentation that Ripple had filed for a new bank charter, detailing its headquarters in New York.
Institutional Strategy and Stablecoin Expansion
Ripple's banking ambitions are closely linked to the future of RLUSD, a stablecoin currently regulated by the New York Department of Financial Services. Ripple aims to expand RLUSD's reach by bringing it under federal regulation, likely in anticipation of the expected passage of the GENIUS Act.
Ripple's pursuit of a bank charter amidst growing interest in stablecoin regulation highlights the importance of integrating cryptocurrencies with traditional banking systems. Ripple National Trust Bank may signal a critical step towards a more secure and regulated financial ecosystem.
