Regulation· ★★★★· bullish·

Garlinghouse Opens Swell: OCC Approves Ripple National Trust Bank, RLUSD Gets A2 Rating

  • —OCC granted final approval for Ripple National Trust Bank to custody assets and back RLUSD reserves
  • —Moody's assigned RLUSD an A2 long-term and P-1 short-term rating
  • —Robinhood launched RLUSD on Robinhood Chain and Bitstamp; BNY expands XRPL custody
  • —XRP trades near $1.33 as 24-hour trading volume rose almost 20%
Why it matters: A federal bank charter and an investment-grade stablecoin rating strengthen Ripple's institutional credibility and demand for RLUSD and the XRP Ledger.
#XRP
Source: CoinGape
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