Ripple Secures Final OCC Approval for RLUSD Stablecoin Trust Bank

Ripple has received final approval from the U.S. Office of the Comptroller of the Currency (OCC) for the federally supervised trust bank that will manage reserves for its $2.6 billion RLUSD stablecoin.

The approval, granted on October 27, 2026, allows the trust bank to operate under federal supervision. Its primary functions will include managing the reserves backing the RLUSD stablecoin and providing custody services.

The move comes amid ongoing legal challenges from traditional banking groups against the issuance of special-purpose national bank charters to crypto firms. Ripple’s successful acquisition of this final OCC approval represents a significant regulatory milestone for the company’s stablecoin operations.

Ripple, a crypto software company primarily focused on XRP-based payment solutions, is expanding its offerings with the RLUSD stablecoin. The federally chartered trust structure is designed to provide a regulated framework for the stablecoin’s reserve management and issuance.