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Benzinga

Business

Murtuza J Merchant

Ripple's National Bank Ambition: How Could It Disrupt Stablecoins And Traditional Banking?

Ripple XRP Ryan Lee Chris Perkins Crypto United States

The,Macro,Coin,Cryptocurrency,Ripple,And,Word,Map.

Ripple's (CRYPTO: XRP) bid for a U.S. national banking license has been described by industry experts as a potential turning point for the company and the broader stablecoin ecosystem, as it positions Ripple to issue and move stablecoins under federal oversight without reliance on traditional banks.

In a statement sent to Benzinga, Chris Perkins, President of crypto-focused venture firm CoinFund, said Ripple's aggressive licensing strategy is building a formidable foundation for (CRYPTO: RLUSD), its stablecoin.

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