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.

Institutions can use Ripple Prime for round-the-clock equity trading and post RLUSD as collateral, while HSBC flags thin liquidity.

The bank says fintechs can process dollars and Ripple's RLUSD through one API, with availability limited to select US states.
Anthony Welfare, a former Ripple CBDC adviser, says the XRP Ledger's technical strengths do not by themselves guarantee institutional uptake.

White House meeting set for Aug. 19 with Coinbase, Ripple and a16z reportedly attending.

RLUSD holder count rises but monthly transfer volume drops to $10.95B, down 25%.

The SEC submitted a new filing in the Ripple remedies dispute, prolonging the debate over the final penalty.
Former Ripple CTO says a payment concept from 2004 preceded Bitcoin, but the XRP Ledger launched later in 2012.
South Korea's KOSPI fell 8% on Monday, triggering circuit breakers amid a broad selloff of Asian tech stocks.
Brad Garlinghouse says the industry now embraces ideas it once ridiculed.