Ripple Wins OCC Trust Bank Charter Covering RLUSD Reserves
Final OCC approval lets Ripple open a national trust bank chartered to hold reserves for its $2.5 billion RLUSD stablecoin, with no direct role for XRP.
We use cookies for anonymous analytics and ad measurement to improve the site. Cookie policy.
Original coverage across the crypto market, updated daily.
Final OCC approval lets Ripple open a national trust bank chartered to hold reserves for its $2.5 billion RLUSD stablecoin, with no direct role for XRP.
The Independent Community Bankers of America has filed a lawsuit challenging the OCC's authority to grant national trust bank charters to non-fiduciary crypto firms.
The Independent Community Bankers of America alleges the OCC lacks the authority to charter crypto firms as national trust banks when they act outside a fiduciary role.
The federally chartered crypto bank's CEO told staff about the cuts this week, according to The Information, tying them to a prolonged market slump.

Revolut and OpenReserve received initial OCC clearance to charter US national banks, with crypto services planned.
Moonshot's latest AI model outperforms competitors, raising concerns about US dominance in artificial intelligence.

Standard Chartered becomes first global systemically important bank to let institutions mint and redeem USDC directly.
Aave sees strongest wallet expansion since 2021 as Standard Chartered updates its crypto outlook.

Bitcoin's 50% drop pushes it into a historically bearish zone, dividing analyst opinions.

A mining-cost chart suggests $47,000 as a bottom, but experts warn it oversimplifies miner economics.

Michael Saylor posts a familiar chart suggesting additional BTC purchases as Strategy faces increased scrutiny.