The OCC has granted Ripple final approval to open Ripple National Trust Bank, 10 months after conditionally approving the charter in December 2025. The bank will manage the reserves backing the RLUSD stablecoin, act as collateral trustee for holders, and offer fiduciary digital asset custody to enterprises. RLUSD will still be issued by Standard Custody & Trust Company, which is regulated by the New York DFS, so the stablecoin will fall under both state and federal supervision. The approval comes as community banks challenge the OCC's crypto charters in court, and Sen. Elizabeth Warren has called the charters illegal. According to CoinGecko, RLUSD has a market capitalization of about $2.6 billion.
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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.
Related news
- Ripple wins final US approval for national trust bank
Ripple has received final approval from the US Office of the Comptroller of the Currency (OCC) for Ripple National Trust Bank (RNTB), completing a chartering process that began with conditional approval in December 2025. The trust bank can manage reserves backing the RLUSD stablecoin, act as collateral trustee for RLUSD holders and provide digital asset custody, while RLUSD will continue to be issued by Standard Custody & Trust Company. Ripple CEO Brad Garlinghouse said crypto and banks work better together. Circle secured final OCC approval in July, while Coinbase, Crypto.com and Bridge remain at the conditional approval stage. According to the OCC, most national trust banks do not accept deposits or make loans and do not carry FDIC insurance.
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