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Top Presales to Soar as Ripple Seeks US Bank License: Institutions Are Hot on Crypto
Ripple has taken a significant step by applying for a national bank charter with the Office of the Comptroller of the Currency (OCC), further solidifying its reputation in the industry. The crypto company already holds a state-level license from New York’s NYDFS, and if it secures a federal charter, Ripple would be the only stablecoin issuer to boast both federal and state oversight, thereby boosting the credibility of $RLUSD – Ripple’s stablecoin.
This move comes just two days after USDC issuer Circle announced its own application for a bank charter with the OCC. USDC is currently the second-largest stablecoin by market capitalization, boasting a total value of $61 billion, whereas $RLUSD has a much smaller presence in the market, holding a mere $469 million.
This development could have far-reaching implications for the broader crypto market and even suggest some top presales to soar.
Source: bitcoinist.com
