After 10 months of waiting, Ripple finally gets a federal bank charter
Last night, the OCC gave final approval to Ripple National Trust Bank
RLUSD reserves and institutional custody can now be held at its own federal bank
RLUSD only launched last December and now has a market cap of $2.5 billion
BNY is still its primary reserve custodian
On the same day, the OCC also called on community banks to issue stablecoins
The GENIUS Act takes effect on January 18 next year
I think the charter is a real milestone—not a buy signal
XRP is still at $1.31, down 13.4% in October
The charter covers stablecoins and custody, not token prices
Invalidation: RLUSD's market cap fails to break $5 billion within three months
or today's Swell conference fails to show real on-chain usage
Which do you think will come first: the charter or a price rally?
$XRP $RLUSD $BTC
#Ripple #Stablecoins
This is not investment advice. DYOR; trading involves risk.
Last night, the OCC gave final approval to Ripple National Trust Bank
RLUSD reserves and institutional custody can now be held at its own federal bank
RLUSD only launched last December and now has a market cap of $2.5 billion
BNY is still its primary reserve custodian
On the same day, the OCC also called on community banks to issue stablecoins
The GENIUS Act takes effect on January 18 next year
I think the charter is a real milestone—not a buy signal
XRP is still at $1.31, down 13.4% in October
The charter covers stablecoins and custody, not token prices
Invalidation: RLUSD's market cap fails to break $5 billion within three months
or today's Swell conference fails to show real on-chain usage
Which do you think will come first: the charter or a price rally?
$XRP $RLUSD $BTC
#Ripple #Stablecoins
This is not investment advice. DYOR; trading involves risk.
