Ripple Wins U.S. Trust Bank Charter, Boosts RLUSD Regulatory Standing

iconAMBCrypto
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
Ripple has secured conditional approval from the OCC to establish Ripple National Trust Bank, a major regulatory win in the digital asset market. The 12 December announcement included five new trust bank charters for crypto firms. CEO Brad Garlinghouse called out traditional banks for resisting crypto market integration. RLUSD now faces dual oversight from the OCC and NYDFS, making it one of the most regulated stablecoins. The move could position Ripple to compete more directly with USDC and PYUSD.
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.