DECRYPT · 2026-10-27 10:16 UTC

Ripple Wins Final OCC Approval for Trust Bank Behind $2.6B RLUSD Stablecoin

Ripple received final OCC approval to establish Ripple National Trust Bank, a federally supervised national trust bank that will manage reserves backing the $2.6B RLUSD stablecoin. The bank will act as collateral trustee for RLUSD reserves and provide digital asset custody services, with RLUSD now under both state and federal supervision. The approval faces legal challenges from Senator Elizabeth Warren and the Independent Community Bankers of America, who argue crypto firms are using trust charters to evade banking safeguards.

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