Ripple Labs is applying for a U.S. national bank charter and a Federal Reserve master account, "following a similar move by stablecoin issuer Circle Internet Group as crypto firms look to be regulated to deepen ties with traditional finance," reports CoinTelegraph. From the report: Ripple CEO Brad ...

Ripple files for a U.S. banking license and Fed master account to bolster RLUSD, aiming for federal oversight and secure stablecoin reserve access.