On July 2, 2025, Ripple Labs applied for a national bank charter with the Office of the Comptroller of the Currency (OCC) to bring its stablecoin, Ripple USD (RLUSD), under federal oversight. (Source: July 4, 2025)
Ripple's subsidiary, Standard Custody & Trust Company, also applied for a Federal Reserve master account. If approved, this would allow 24/7 issuance and redemption of RLUSD. (Source: July 4, 2025)
Following the announcements, XRP experienced a 4% increase. As of July 4, 2025, XRP is trading at 2.24 USD, down -0.03 USD (-0.01%) from the previous close. (Source: July 4, 2025)