The Office of the Comptroller of the Currency (OCC) has approved Ripple National Trust Bank (RNTB), CEO Brad Garlinghouse announced on X. The bank will manage reserves backing the RLUSD stablecoin and offer regulated custody services for institutional clients, while RLUSD will continue to be issued by Ripple's New York-regulated unit, Standard Custody & Trust Company. RLUSD launched in December 2024 and has grown to about $2.5 billion in market value, backed by dollar deposits, U.S. government securities and other cash-like assets. Ripple applied in July 2025, received conditional approval in December and final approval this week, and said it will keep working with the OCC, New York regulators and others as the bank starts operating.
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Related tickers and likely impact
XRP/USDT
▲ Likely positiveXRP
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $82.0B |
| Close on 10/26/2026 | 1.30920 |
| Change that session | +1.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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