Wise Files Application to Create National Trust Bank in US

Ripple’s Bid for a National Trust Bank Charter Puts Stablecoin RLUSD Under Federal Spotlight

Ripple Labs Inc. has formally applied for a national trust bank charter with the U.S. Office of the Comptroller of the Currency (OCC), according to people familiar with the filing confirmed on Wednesday. If approved, the license would place Ripple’s U.S.-dollar-backed stablecoin RLUSD—currently supervised by the New York Department of Financial Services—under direct federal oversight, joining a select cohort of digital-asset firms that already h…

Wise Files Application to Create National Trust Bank in US

London-headquartered payments firm Wise reportedly filed an application to create a national trust bank in the United States.