Company Update
Ripple wins final OCC approval for trust bank behind $2.6B RLUSD stablecoin
Ripple received final approval from the Office of the Comptroller of the Currency to launch Ripple National Trust Bank, which will manage reserves for its RLUSD stablecoin and provide digital asset custody services. CEO Brad Garlinghouse hailed the decision, while Senator Elizabeth Warren called the OCC’s crypto charters illegal and the Independent Community Bankers of America sued the regulator over the charters.