Ripple Takes a Giant Leap with National Trust Bank Approval: RLUSD Ready for the Big League!

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Ah, what a spectacle we have here! Ripple has secured conditional approval from the Office of the Comptroller of the Currency (OCC) to launch its very own national trust bank, all while placing its precious RLUSD stablecoin under the watchful eyes of both federal and state regulators. A delightful moment for those who wish to see U.S. institutions rapidly adopting regulated, enterprise-grade digital currencies-such charm!

Ripple’s Grand Entrance into the Federal Stage: RLUSD Gets a Taste of Power

Oh, how the winds of change are blowing! In a most thrilling turn of events, Ripple, the clever financial technology company that has long prided itself on its enterprise blockchain solutions, announced on December 12 that it has received conditional approval from the OCC to establish Ripple National Trust Bank. Yes, you heard that right! A federally supervised trust bank, no less! Truly, the dawn of a new age!

And the announcement, dear reader, goes a little something like this:

The Office of the Comptroller of the Currency today announced that Ripple has received conditional approval for its application to establish Ripple National Trust Bank, a federally supervised trust bank.

Not to be left in the shadows, the OCC’s decision followed the passage of the GENIUS Act in July-a piece of legislation that has provided a glorious federal framework for U.S. stablecoins. How fitting, how elegant! The national trust bank charter will now place RLUSD’s reserves under the watchful supervision of both the OCC and the New York Department of Financial Services. What an unparalleled display of transparency, accountability, and compliance. Truly a new benchmark, one that no other stablecoin issuer dares to match. It seems that RLUSD is now the knight in shining armor for those who yearn for compliance in this chaotic, digital world.

Brad Garlinghouse, the CEO of Ripple, was positively bursting with joy as he shared this momentous news on the social media platform X:

HUGE news! Ripple just received conditional approval from the OCC to charter Ripple National Trust Bank. This is a massive step forward – first for RLUSD, setting the highest standard for stablecoin compliance with both federal (OCC) & state (NYDFS) oversight.

And the man did not stop there, my dear reader. He even went so far as to proclaim: “While anti-innovation bank lobbyists may claim otherwise, we are ensuring RLUSD is the most transparent and responsibly managed stablecoin in the market today.” Oh, what a delightful sting to those who oppose progress!

The company was quick to emphasize that, with the final approvals from the OCC, Ripple will now be able to provide even greater protections for RLUSD holders, ensuring the highest levels of accountability and security. A true marvel of modern finance! But wait, there’s more: RLUSD has surpassed a $1 billion market cap in less than a year, and it’s already being used by institutional counterparties such as prime brokers. Ripple Payments has processed more than $95 billion in transactions and reaches over 90% of the global foreign exchange market. Truly, the demand for regulated, enterprise-ready stablecoins is growing-what a sight to behold!

FAQ ⏰

  • What did Ripple receive approval for from the OCC?
    Why, Ripple has received conditional approval to establish the Ripple National Trust Bank, which will be under federal supervision, of course!
  • How does the trust bank affect RLUSD?
    The charter places RLUSD reserves under the benevolent eyes of both the OCC and NYDFS-what a fine pair of overseers!
  • Why is the GENIUS Act important for Ripple?
    Ah, the GENIUS Act created a clear federal framework for U.S. stablecoins. A stroke of legislative brilliance!
  • How widely used is RLUSD today?
    Why, RLUSD has already surpassed a $1 billion market cap, and it’s being used by institutional counterparties. Truly, the world is taking notice!

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2025-12-12 21:04