#RippleTrustBankApproval

About RippleTrustBankApproval

Ripple announced Oct 26 that the OCC granted final approval to Ripple National Trust Bank for RLUSD reserve management, fiduciary services and institutional digital asset custody. RLUSD remains issued by New York-regulated Standard Custody, with a market cap of ~$2.5B. Federal oversight could strengthen its institutional payments role, but approval does not directly create XRP buying demand. Can Ripple grow RLUSD and drive actual XRP Ledger usage?