Ripple gets final US trust bank approval. What does XRP gain?

Ripple said it secured final US approval for a national trust bank despite objections from traditional banking groups concerned about crypto firms entering regulated finance. The company announced on Oct. 26 that the Office of the Comptroller of the Currency (OCC) had granted final approval for Ripple National Trust Bank to manage RLUSD reserves, serve as collateral trustee and provide fiduciary digital asset custody. Ripple put RLUSD’s market capitalization at $2.5 billion in the announcement. However, the implications for XRP remain less straightforward, with the bank's immediate responsibilities centered on stablecoin reserves and custody rather than the token itself. The approval follows a prolonged dispute over whether crypto companies should be permitted to establish federally chartered trust banks without meeting all the requirements imposed on conventional lenders.

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