On May 8, Jack McDonald, Senior Vice President of Ripple's stablecoin business, stated at the 'Consensus 2026' conference in Miami that Ripple's stablecoin business currently holds a regulatory license from New York State and will 'soon obtain an OCC charter.' He also mentioned that the company holds multiple licenses in other regions around the world. McDonald pointed out that institutional clients want to fully tap into the accessible market for stablecoins, requiring the highest level of regulatory qualifications. With BNY serving as the custodian and endorsements from partners like Deloitte, they are confident in migrating real funds and transaction volumes onto the blockchain.
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Ripple Stablecoin SVP: Ripple to Soon Obtain OCC Charter
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