Ripple to become its own bank in the United States thanks to green light from the OCC

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https://cryptoast.fr/ripple-national-trust-bank-approval-finale-occ-rlusd/

It was Brad Garlinghouse, the CEO of Ripple, who announced the news in person on X on October 27, 2026: the Office of the Comptroller of the Currency has just granted final approval for the launch of the Ripple National Trust Bank. An announcement that comes a few hours before the opening of Ripple Swell, the company's annual conference.

This validation by the federal banking regulator comes less than a year after the conditional approval obtained on December 12, 2025. Ripple had submitted its initial application for a banking license in July 2025.

(...) We have always said that crypto and banks work better together. This is what it looks like. Real innovation, real responsibility, federal supervision. The revolution does not happen outside the system. It happens from within

Big news heading into @RippleSwell: the @USOCC has granted final approval for Ripple National Trust Bank.

This gives Ripple a federally supervised platform to support $RLUSD and provide digital asset custody to enterprises.

However, it is appropriate to qualify the scope of this license a little, because the status of “national trust bank” does not allow either the collection of deposits or the granting of loans. This status is therefore distinct from traditional commercial banking licenses. Ripple National Trust Bank will be authorized to manage the reserves that support RLUSD, act as a trustee of those reserves for holders of the stablecoin, and provide digital asset custody services.

The issuance of RLUSD will remain ensured by the Standard Custody & Trust Company, the Ripple entity regulated by the NYDFS (the financial regulator of the State of New York). The new federal charter therefore adds to the existing New York supervision, without replacing it.

Launched in December 2024, the RLUSD stablecoin today has a capitalization of more than $2.6 billion. A stablecoin market which currently weighs nearly 300 billion dollars, and which remains dominated by two players: Tether's USDT, with more than 182 billion dollars, and Circle's USDC with its 71 billion dollars in capitalization. In this landscape, the RLUSD is around 9th place with around 0.9% market share. A weight that is still modest, but which Ripple hopes to take off via its new federal charter and its banking partnerships.

Ripple joins a growing club since Circle obtained its final approval from the OCC in July 2026 for its fiduciary bank, which is currently limited to the custody of digital assets, as the management of USDC reserves is only planned in a second phase. BitGo, for its part, received its green light in December 2025. Coinbase, Crypto.com and World Liberty Financial (WLFI) received conditional approvals during this year.

Machine-translated from French