On October 26, Ripple received final approval from the OCC to establish a national trust bank responsible for reserve management, collateral trusteeship, and digital asset custody for RLUSD; issuance remains under the regulation of a trust company in New York State. This type of charter does not permit deposit-taking or lending, with the focus on placing stablecoin reserves and custody under a federal framework. Whether this becomes a norm or an exception will depend on how many other issuers follow suit. #Stablecoin
