Stablecoins

Ripple gets final OCC approval for national trust bank to hold RLUSD reserves

Ripple announced that its national trust bank has secured final approval from the OCC. Ripple National Trust Bank can manage the segregated reserves supporting RLUSD, act as collateral trustee for RLUSD holders, and provide fiduciary digital asset custody.

Sources

  1. Cointelegraph
  2. Ripple

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Every fact in this story matches the wording of a linked source. Corrections: mason@blueprintfinance.com.