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Ripple applies for US national bank charter as crypto eyes next frontier
Ripple's charter will need to be approved by the Office of the Comptroller of the Currency, a top banking regulator. An OCC spokesperson confirmed it had received a charter application from the company.
The company is also seeking a Fed Master account that would give it access to the Federal Reserve's payments infrastructure and allow it to hold its stablecoin reserves directly with the central bank, Garlinghouse wrote on X.
Ripple launched its stablecoin, RLUSD, in October last year. While much smaller than dominant play

US President Trump discloses $57m earnings from crypto venture
Donald Trump has disclosed almost $60 million in income from one of his cryptocurrency ventures, highlighting how the US president has benefited from his embrace of the digital asset industry, says a report by foreign outlet Financial Times.
Trump on Friday reported income of $57.4 million derived from his involvement with World Liberty Financial, a cryptocurrency group he backs with his sons Donald Jr and Eric, said the report published on Saturday.

The Bank of Korea, South Korea’s central bank, is still lukewarm on proposals to launch a won stablecoin, despite a recent meeting with the USD Coin (USDC) issuer Circle.
The South Korean media outlet Newsway reported that unnamed Circle executives have held recent meetings with officials from the Bank of Korea and lawmakers from the National Assembly.
The parties reportedly “exchanged opinions” on stablecoins in private meetings. The media outlet’s sources said they were not at liberty to reveal “the main agenda or topics discussed” at the talks.