The greenlight from the Office of the Comptroller of the Currency (OCC) comes after the passage of the Genius Act, which President Trump signed in July 2025 to establish clear rules of the road for US stablecoins.
With a national trust bank managing RLUSD reserves, Ripple’s stablecoin business will be subject to oversight as a trust company at both the state and federal levels—through the New York Department of Financial Services (NYDFS) and the OCC, respectively.
“The conditional approval of our trust bank charter represents a massive step forward – setting the highest standard for stablecoin compliance with both federal and state oversight,” says Ripple CEO Brad Garlinghouse. “While anti-innovation bank lobbyists may claim otherwise, we are ensuring RLUSD is the most transparent and responsibly managed stablecoin in the market today.”
