Ripple Seeks US Banking Charter and Fed Account for RLUSD Stablecoin
Ripple Seeks US Banking Charter and Fed Account for RLUSD Stablecoin
馃彟 Ripple Goes Full Bank
Ripple has taken significant steps toward mainstream financial integration by applying for a US national bank charter. This move aims to bring their stablecoin $RLUSD under federal oversight.
The company's subsidiary is pursuing a Federal Reserve master account, which would enable:
- 24/7 stablecoin issuance
- Direct redemption capabilities
- Integration with traditional banking infrastructure
This follows their earlier development of RLUSD in 2024, which still awaits full regulatory approval for launch.
This represents a notable convergence of traditional banking and digital asset infrastructure.
馃毃 Ripple is making major moves The company applied for a US national bank charter to bring its stablecoin $RLUSD under federal regulation. Its subsidiary also seeks a Federal Reserve master account to enable 24/7 stablecoin issuance and redemption 馃摬 A big step for crypto and
WBTC on Unichain Now Available for Cross-Chain Transfers
Bridgers has added WBTC support on Unichain network, expanding its cross-chain capabilities. Users can now route WBTC across multiple blockchains using smart contract-powered execution and aggregated liquidity pools. The integration follows recent additions of USDC, TICS, and YURU tokens to the platform. Bridgers maintains a non-custodial approach, allowing users to retain control of their assets throughout the transfer process. Key features: - Smart contract-based execution - Non-custodial transfers - Aggregated liquidity - User-authorized transactions [Try it now](http://dapp.bridgers.xyz)
Figma Files IPO, Reveals Significant Bitcoin Holdings and Investment Plans
Design software giant Figma has filed for an Initial Public Offering (IPO) with the SEC, revealing substantial cryptocurrency holdings. The company currently holds **$69.53 million** in Bitcoin spot ETFs and received board approval for an additional **$30 million** Bitcoin investment in May. The San Francisco-based company has temporarily converted funds to USDC with plans to reinvest in Bitcoin, demonstrating a strategic approach to digital asset treasury management. This move represents a significant intersection of traditional tech and cryptocurrency markets, as Figma becomes one of the first major design platforms to publicly disclose substantial crypto holdings pre-IPO.
Verge (XVG) Expands Cross-Chain Support on Bridgers
**Verge (XVG)**, the privacy-focused cryptocurrency, has expanded its cross-chain capabilities through full integration with Bridgers. The implementation enables users to transfer XVG across multiple networks including: - ERC20 (Ethereum) - BSC (Binance Smart Chain) - Base - Polygon Key features of Verge include: - Built-in Tor integration for enhanced privacy - Stealth address transactions - Community-driven development - Open source codebase - Bitcoin network improvements Users can now execute non-custodial cross-chain transfers at [dapp.bridgers.xyz](http://dapp.bridgers.xyz)
Crypto Market Daily Update - July 1, 2025
**Key Market Movements**: - BTC and ETH show modest gains - Trading volume experiences significant increase - Layer2 and NFT sectors leading performance **Major Developments**: - Robinhood plans to launch tokenized U.S. stocks for European market via Arbitrum or Solana - U.S. Supreme Court grants IRS access to Coinbase user data - XRP Ledger launches Ethereum-compatible sidechain - Robinhood EU begins offering private company tokens including OpenAI and SpaceX - Aptos Labs CEO joins CFTC advisory committee - BitMine raises $250M for Ethereum strategies - German banking sector embraces crypto services - Solana staking ETF preparation underway