Ripple receives OCC approval to establish a national trust bank, bringing RLUSD under federal oversight
- Ripple has received final approval from the OCC to establish a national trust bank.
- Ripple’s structure places reserve management and custody under federal oversight, while issuance remains with the entity regulated by New York.
- The move brings RLUSD under a federal oversight framework.
#Ripple #RLUSD #OCC #CryptoNews #BinanceSquare
$xrp xrp $rlusd
vlikevn Titanbot
Source: The Block
- Ripple has received final approval from the OCC to establish a national trust bank.
- Ripple’s structure places reserve management and custody under federal oversight, while issuance remains with the entity regulated by New York.
- The move brings RLUSD under a federal oversight framework.
#Ripple #RLUSD #OCC #CryptoNews #BinanceSquare
$xrp xrp $rlusd
vlikevn Titanbot
Source: The Block