As Ripple actively applies for a U.S. national banking license, XRP is gradually moving towards the core position of the mainstream financial system. In this wave of cryptocurrency compliance and financial integration, LET Mining is providing XRP holders with a new path to release value.

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.