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Ripple gets final OCC approval for national trust bank to support RLUSD stablecoin, excluding XRP benefits.

Market News
27 Oct 2026, 08:07 WIB
BeInCrypto
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Neutral
Ripple gets final OCC approval for national trust bank to support RLUSD stablecoin, excluding XRP benefits.

Ripple received final approval from the Office of the Comptroller of the Currency (OCC) to operate a national trust bank, Ripple National Trust Bank (RNTB). This bank will manage reserves backing Ripple's $2.5 billion stablecoin RLUSD and offer digital asset custody services to enterprises. However, XRP holders are not directly benefited by the charter, as XRP plays no role in the bank's operations. While RLUSD supply has grown 86% since January, XRP's price has fallen 37%, reflecting a disconnect between the stablecoin's growth and XRP's market performance. The bank's future custody choices could impact XRP's role, but for now, XRP's outlook depends more on broader market trends than the charter itself.

As of Oct 27, 2026 12:31 WIB, XRP is trading at Rp23.423 on Pluang with a modest 1-day gain of 0.48%. Despite the recent approval of Ripple's national trust bank, XRP's market cap stands at Rp1.491,84 trillion, showing that the token's price movement remains somewhat detached from the stablecoin developments. Notably, Pluang users show a strong sell sentiment with 84% of order activity favoring selling, highlighting cautious investor behavior.

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