Ripple News: OCC Clears National Trust Bank as XRP Hits $1.30
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Key Insights Ripple news confirmed final federal approval for Ripple National Trust Bank on Oct. 26. The bank will manage RLUSD reserves, while Standard Custody & Trust Company remains the issuer. XRP traded near $1.30, gaining approximately 1.26% over 24 hours, according to CoinMarketCap. Ripple news drew attention after the company announced final federal approval for its national trust bank. Ripple confirmed the Office of the Comptroller of the Currency (OCC) decision on Ripple News: OCC Approval Defines the Bank’s Role The bank’s responsibilities separate oversight of stablecoin reserves from issuance of the tokens themselves. Standard Custody & Trust Company will continue issuing RLUSD under New York Department of Financial Services supervision. Ripple National Trust Bank will instead provide a federally supervised structure for reserve management and related fiduciary services.
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