Ripple is taking a big step towards the full regulation of his Stablecoin Rlusd. The company behind XRP has applied for a federal banking license in the United States. With that, Ripple wants to gain direct access to the Federal Reserve – a rare privilege that is normally only for traditional banks.
Ripple wants RLUSD under the supervision of the FED
Ripple has applied for a federal banking license from the US regulator OCC. That application would release the road for a so -called Fed Master account. This gives the company access to the payment system of the Central Bank – something that has been reserved for traditional banks so far.
CEO Brad Garlinghouse confirms that Ripple follows this route. The goal? RLUSD completely regulate, with reserves that are housed directly with the FED. In a market where trust is scarce, that of Rlusd might make the safest stablecoin ever.
XRP price forecast: ‘100 dollars is feasible’
The timing is striking. Because while Ripple is working on that bank status, the interest in XRP is also increasing. According to analyst Amonyx, a ‘double bottom’ pattern forms in the graph-often a signal that a price bottom has been reached and an upward movement comes into view.
He calls a course of 100 dollars “not unrealistic” during this bull market. The XRP price is currently at $ 2.28, with daily volumes of five to six billion dollars. That indicates a lot of activity and space for growth.
In addition, Ripple is waiting for approval for an American ETF and a settlement of 125 million dollars with SEC supervisor is almost round. If everything comes together, XRP could just push on to the top of the cryptomarkt – at the expense of established names such as Tether (USDT).
Source: https://newsbit.nl/gaat-xrp-naar-100-dollar-ripple-jaagt-op-amerikaanse-banklicentie/
