The U.S. Office of the Comptroller of the Currency has granted final approval to the trust bank established by Ripple, which will manage reserves for the U.S. dollar-pegged stablecoin 'RLUSD' and provide cryptocurrency custody. Ripple CEO Brad Garlinghouse announced this on the 27th via X.
Upon receiving approval, CEO Garlinghouse reiterated his stance that cryptocurrencies and banks work better together, stating, 'The revolution is happening from within the system, not outside it.'
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