đșđž RIPPLE WANTS A BANK CHARTER AND A DIRECT LINE TO THE FED
Because apparently being a crypto company isnât edgy enough, Ripple now wants to be an actual bank and plug straight into the Fedâs money system.
CEO Brad Garlinghouse says theyâre just following Circleâs lead and chasing that sweet, sweet âlegitimacy.â
Theyâre also asking to hold their RLUSD stablecoin reserves right inside the Federal Reserve, no middlemen needed.
RLUSD launched in October and somehow already ranks with the big dogs like Tether and USDC.
Not bad for the new kid.
Source: Reuters

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