Ripple has finally secured a U.S. banking charter—RLUSD is going legit $XRP
Brad Garlinghouse made the announcement himself: the U.S. Office of the Comptroller of the Currency (OCC) has granted final approval for Ripple National Trust Bank. Ripple can use this federally regulated banking platform to issue its RLUSD stablecoin and provide digital asset custody services to businesses.
From a bad boy pursued by the SEC to holding a national trust bank charter, Ripple’s comeback has taken three or four years. Taking the banking route for stablecoins means compliant funds can enter the market more smoothly. It’s a milestone for both the XRP ecosystem and the stablecoin sector as a whole.
Do you think this marks a new beginning for XRP? Share your thoughts in the comments. #XRP #Stablecoin
Brad Garlinghouse made the announcement himself: the U.S. Office of the Comptroller of the Currency (OCC) has granted final approval for Ripple National Trust Bank. Ripple can use this federally regulated banking platform to issue its RLUSD stablecoin and provide digital asset custody services to businesses.
From a bad boy pursued by the SEC to holding a national trust bank charter, Ripple’s comeback has taken three or four years. Taking the banking route for stablecoins means compliant funds can enter the market more smoothly. It’s a milestone for both the XRP ecosystem and the stablecoin sector as a whole.
Do you think this marks a new beginning for XRP? Share your thoughts in the comments. #XRP #Stablecoin