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Ripple gets final U.S. approval to launch its national trust bank for stablecoin management.

Market News
27 Oct 2026, 07:28 WIB
Coindesk
View Source
Bullish
Ripple gets final U.S. approval to launch its national trust bank for stablecoin management.

The U.S. Office of the Comptroller of the Currency has fully approved Ripple National Trust Bank, allowing Ripple to operate a federally supervised specialized bank. This bank will manage reserves backing Ripple’s RLUSD stablecoin and provide regulated custody services for institutional clients. RLUSD, launched in December 2024, has grown to a $2.5 billion market value and is backed by dollar deposits and U.S. government securities. This approval marks a significant step in integrating crypto with traditional finance, enhancing regulatory oversight and institutional trust in Ripple's stablecoin ecosystem.

As of Oct 27, 2026 11:41 WIB, XRP on Pluang trades at Rp23.489 with a 1-day gain of 1.46%. The market cap stands at Rp1.489,8 trillion, reflecting steady investor interest despite a high sell order activity of 84%. This trading activity highlights ongoing engagement with Ripple's ecosystem following the approval of its national trust bank.

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