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Ripple CEO Brad Garlinghouse announced Monday that the Office of the Comptroller of the Currency approved Ripple National Trust Bank. This allows the firm to manage reserves for its RLUSD stablecoin, which reached about $2.5 billion in market value since launching in December 2024, under federal supervision.
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Summary by ByteBrief

Ripple Gains Final OCC Approval for Trust Bank

Ramp says it applied to the US OCC for a trust bank charter that, if approved, would allow it to offer fiduciary investment management and digital asset custody (Paige Smith/Bloomberg)

DriveWealth Partners with Ripple for Stablecoin Settlement