๐จ New: OCC conditionally approves Ripple's request to establish a national trust bank, a giant step towards integrating crypto into federal banks!
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๐ข The big announcement:
โ The Office of the Comptroller of the Currency (OCC) announced today the conditional approval of Ripple's application to establish Ripple National Trust Bank (RNTB), a federal trust bank
โ This comes after the passing of the GENIUS Act in July 2025, with federal and state oversight (NYDFS) for RLUSD reserves
โ Joins 5 other trust banks like BitGo and Fidelity, expanding oversight on stablecoins and digital assets
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๐ก Analysis:
โ RNTB allows for managing stablecoin reserves with the highest standards of transparency, making RLUSD the most compliant in the market
โ Enhances national control, reducing reliance on state licenses and opening doors for operations across states
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โก Why does it matter to you?
โ Boosts confidence in stablecoins as a secure payment tool, accelerating adoption in DeFi and global payments
โ A step towards merging TradFi with crypto, could drive XRP and RLUSD to new heights with institutional investment
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โDo you think RNTB will make Ripple the leader of regulated stablecoins in 2026?
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