Stablecoin

United

Arthur

Bank

<a href="https://www.thestreet.com/crypto/markets/ripple-veteran-has-viral-sydney-sweeney-moment-in-new-york" rel="noopener noreferrer nofollow">Ripple</a><a href="https://www.businesswire.com/news/home/20261026570843/en/Ripple-Receives-Final-OCC-Approval-to-Establish-National-Trust-Bank" rel="noopener noreferrer nofollow">announced</a> on Oct. 26 that it has secured&nbsp;final approval from the&nbsp;Office of the Comptroller of the Currency (OCC) to launch its own national trust bank in the United States.
While a regular bank&nbsp;accepts deposits and lends funds, a national trust bank only safeguards assets and isn't permitted to undertake traditional banking functions such as taking deposits or lending.
<a href="https://www.thestreet.com/crypto/markets/ripple-veteran-has-viral-sydney-sweeney-moment-in-new-york" rel="noopener noreferrer nofollow">Related: Ripple veteran has viral Sydney Sweeney moment in New York</a>
A national trust bank&nbsp;is commonly used for custody, settlement, and fiduciary services, making it a suitable option for crypto and tokenized assets.
For companies like Ripple, a&nbsp;national trust bank&nbsp;status offers federal oversight and legitimacy without the regular risks of running a consumer-facing bank.
The leading blockchain and crypto payments company <a href="https://www.thestreet.com/crypto/markets/ripple-receives-surprising-news-to-operate-as-national-trust-bank" rel="noopener noreferrer nofollow">received</a> a&nbsp;conditional OCC approval in December 2025 and it has now secured the final approval within a year.
<h3 id="more-on-thestreet-roundtable">More on TheStreet Roundtable</h3>
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The&nbsp;Ripple National Trust Bank's (RNTB) approved activities include:
<ul>
 <li> Managing the segregated reserves supporting its&nbsp;<a rel="noopener noreferrer nofollow">RLUSD</a> stablecoin</li>
 <li>Acting as collateral trustee of the reserves for the benefit of RLUSD holders</li>
 <li>Providing fiduciary digital asset custody services to enterprises.</li>
</ul>
A stablecoin is a type of cryptocurrency that tries to stabilize its value by getting pegged 1:1 to a so-called stable asset like the U.S. dollar. It is backed by&nbsp;U.S. dollar deposits, U.S. government securities, and other cash equivalents.
In short, a U.S. dollar-pegged stablecoin is a digital dollar existing on a blockchain network.
As per the onchain analytics platform <a href="https://defillama.com/stablecoins" rel="noopener noreferrer nofollow">DeFiLlama</a>, RLUSD has a market capitalization of $2.5 billion and accounts for 0.86% of the total stablecoin market.
<figure><a href="https://defillama.com/stablecoins?chartView=pie" rel="noopener noreferrer nofollow"></a>
 <figcaption>
 Stablecoin Market Cap, Source: DeFiLlama
 </figcaption>
</figure>
<blockquote>
 Ripple CEO&nbsp;Brad Garlinghouse said,&nbsp;“For years, we’ve said crypto and banks work better together. Final approval for Ripple National Trust Bank is what that looks like in practice."
</blockquote>
<h2 id="xrp-rises-after-ripple-secures-final-occ-approval">XRP rises after Ripple secures final OCC approval</h2>
Launched in 2012, <a href="https://www.thestreet.com/crypto/tag/xrp" rel="noopener noreferrer nofollow">XRP</a> is the native cryptocurrency of the <a href="https://www.thestreet.com/crypto/innovation/xrp-ledgers-may-27-upgrade-is-bigger-than-it-looks" rel="noopener noreferrer nofollow">XRP Ledger</a>. Some of the members, such as Jed McCaleb, David Schwartz, and Arthur Britto, who developed the blockchain network, later went on to found Ripple Labs (originally OpenCoin).
Following Ripple's latest regulatory win in the U.S., XRP rose more than 2% in the last 24 hours to trade at $1.31.
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If you follow our market coverage, don’t miss the <a href="https://roundtable100.com/tab/rankings" rel="noopener noreferrer nofollow">Roundtable 100</a>. Updated every Friday, it's a power ranking of the 100 most investable tech stocks, including digital assets. Check out the latest <a href="https://roundtable100.com/" rel="noopener noreferrer nofollow">RTB 100</a> rankings at <a rel="noopener noreferrer nofollow">roundtable100.com</a>.
<a href="https://www.thestreet.com/crypto/markets/roundtable-100-analysts-boost-blocks-ranking-ahead-of-q3-earnings" rel="noopener noreferrer nofollow">Related: Roundtable 100 analysts boost Block's ranking ahead of Q3 earnings</a>

XRP rises as Ripple scores major U.S. win

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