Ripple and Circle are seeking national trust bank charters from the Office of the Comptroller of the Currency (OCC) to integrate stablecoins into the banking system. This strategic move comes as stablecoin transactions reached $5.7 trillion last year, with $4.6 trillion already recorded in 2025. The firms aim to transition from intermediaries to key financial players, potentially bypassing traditional systems like SWIFT. Ripple and Circle's banking licenses could enhance their capital mobilization capabilities on blockchain platforms.