A bank charter has several advantages for the companies, said Jeff Cantwell of Seaport Research Partners, not least of which is fiduciary control of their own assets. Circle, for

By Niket Nishant (Reuters) -Crypto firm Ripple is applying for a national bank charter in the United States, its CEO Brad Garlinghouse wrote in a social media post on Wednesday, following a similar move by stablecoin giant Circle.

The application follows stablecoin issuer Circle's similar effort to expand crypto services and move into federal regulatory oversight.