Analysis: Ripple's Application for a Federal Reserve Master Account Is More Significant Than Applying for a National Bank Charter

By: theblockbeats.news|2025/07/03 03:07:54

BlockBeats News, July 3rd, crypto journalist Eleanor Terrett commented on "Ripple's Submission of National Bank Charter Application to the Office of the Comptroller of the Currency (OCC)," stating, "In addition to this application, Ripple also applied for a Federal Reserve master account through its acquired trust company, Standard Custody, which is more significant in terms of access than obtaining an OCC license. Hierarchically, the master account is at the diamond level, a bank charter is at the platinum level, a trust company is at the gold level, and a money transmission license is at the silver level."

"Historically, the Federal Reserve has always resisted allowing cryptocurrency companies direct access to the payment system, although critics believe this could reduce risk. Currently, the Federal Reserve is defending this position in the Custodia Bank lawsuit, which involves the authorization of depository institutions to obtain master account access, and a judgment is expected to be delivered at any time."

OUSD was jointly launched by more than 140 giants, causing Circle's stock price to plummet in a single day. Circle's CEO personally wrote a response, clarifying USDC's moat from three aspects: network effects, liquidity, and regulation, and dismantling OUSD's three selling points of "free redemption...

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NeoSoul announced plans to integrate with the OKX Agentic Wallet, promoting AI agents' participation in the on-chain economy

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Only by stepping into the mud can one have the chance to touch gold.

Why Is Bitcoin Down in 2026? What We Can Learn From 2022

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The large models in the United States are moving towards closure in the name of security

The government successfully inserted itself as an approver between commercial AI models and their users for the first time.

From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework

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Former ByteDance employee's account: How I started with two Pinduoduo hard drives and made six times the profit with Seagate to achieve financial freedom?

Visa and Mastercard join 140 giants to launch a new stablecoin, but the impact on the market landscape may still be limited

WEEX Launches Depth Chart for Spot Trading

WEEX Spot now supports Depth Chart, helping users visualize buy and sell orders, spot liquidity walls, and understand market depth more clearly before placing trades.