Ripple has scored three major wins in a week, at an unusually fast pace.
On October 26, the OCC granted final approval, officially establishing Ripple National Trust Bank as a federally regulated national trust bank. Note that it cannot take deposits or make loans, but it can custody RLUSD reserves, serve as collateral trustee, and provide digital asset custody. The issuer remains SCTC, regulated by New York State, effectively combining federal and state oversight.
On October 27, Ripple teamed up with Robinhood, bringing RLUSD to Robinhood Chain and Bitstamp and taking on Robinhood's own treasury management.
Today, it also landed Coinbase: RLUSD is now available on Coinbase Prime, Coinbase Exchange, and the retail app, with 1:1 dollar redemption and deposits and withdrawals supported across XRPL, Base, and Ethereum.
$RLUSD Market cap: approximately $2.5 billion. Coinbase previously promoted only its own USDC, so putting a rival stablecoin on its platform is a more important signal than the market cap figure.
On October 26, the OCC granted final approval, officially establishing Ripple National Trust Bank as a federally regulated national trust bank. Note that it cannot take deposits or make loans, but it can custody RLUSD reserves, serve as collateral trustee, and provide digital asset custody. The issuer remains SCTC, regulated by New York State, effectively combining federal and state oversight.
On October 27, Ripple teamed up with Robinhood, bringing RLUSD to Robinhood Chain and Bitstamp and taking on Robinhood's own treasury management.
Today, it also landed Coinbase: RLUSD is now available on Coinbase Prime, Coinbase Exchange, and the retail app, with 1:1 dollar redemption and deposits and withdrawals supported across XRPL, Base, and Ethereum.
$RLUSD Market cap: approximately $2.5 billion. Coinbase previously promoted only its own USDC, so putting a rival stablecoin on its platform is a more important signal than the market cap figure.
