Ripple receives OCC approval to establish a national trust bank, RLUSD ushers in a dual regulatory framework

[Crypto World] Recently, the Office of the Comptroller of the Currency (OCC) in the United States granted conditional approval to Ripple, allowing it to establish a national trust bank. This is no small matter — it marks a significant regulatory milestone for the entire industry.

Interestingly, Ripple CEO Brad Garlinghouse openly pointed out that traditional banks have been trying every means to delay the integration of cryptocurrencies into the regulated financial system. Obtaining this banking charter is equivalent to Ripple receiving an official “ticket” to enter the U.S. banking industry.

More importantly, this means Ripple’s stablecoin RLUSD will be subject to dual regulation by the OCC and the New York State Department of Financial Services (NYDFS). This clear regulatory framework will, in fact, accelerate the promotion and adoption of stablecoins in the market.

This time, OCC approved not only Ripple but a total of five digital asset trust banks. From this development, it appears that the federal government is actively promoting the integration of blockchain infrastructure with the national banking system. This shift in attitude indicates that regulators have recognized the inevitable role of digital assets and blockchain technology within the financial ecosystem, rather than continuing to oppose or avoid them. For the entire Web3 ecosystem, this is a substantive step toward compliance and institutionalization.