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.
“They’re assembling a scalable and compliant infrastructure,” Perkins noted.
“With the bank license, Ripple is setting itself up to issue RLUSD in line with GENIUS Act requirements. Their recent moves, including the acquisition of Hidden Road and investment in Bitnomial, strengthen their ability to serve institutional clients efficiently. For the XRP community, RLUSD is shaping up to be the preferred stablecoin.”
Arthur Azizov, founder of B2 Ventures, told Benzinga that Ripple is no longer just collaborating with banks, it’s positioning to operate as one.
“Ripple’s timing is …