Ripple gets a final go-ahead to launch its own U.S. national trust bank
The Office of the Comptroller of the Currency has approved Ripple National Trust Bank (RNTB), Ripple’s CEO Brad Garlinghouse announced on X.
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Summary
- The Office of the Comptroller of the Currency has approved Ripple National Trust Bank, allowing the cryptocurrency company to operate a specialized bank under federal supervision.
- The bank will manage reserves backing Ripple’s RLUSD stablecoin and provide regulated custody services for institutional clients, while RLUSD will remain issued by Ripple’s New York-regulated unit.
- RLUSD, launched in December 2024, has grown to about $2.5 billion in market value and is backed by dollar deposits, U.S. government securities and other cash-like assets.
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
