A bullish shift in U.S. crypto regulation is taking shape as institutional-grade stablecoins gain federal backing. Ripple, a financial technology company specializing in enterprise blockchain solutions, announced on Dec. 12 that it has received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish Ripple National Trust Bank.

The announcement states:

The Office of the Comptroller of the Currency today announced that Ripple received conditional approval for its application to establish Ripple National Trust Bank, a federally supervised trust bank.

The OCC decision followed the passage of the GENIUS Act in July, which established a clear federal framework for U.S. stablecoins. The national trust bank charter places RLUSD reserves under dual oversight from the OCC and the New York Department of Financial Services, setting a new benchmark for transparency, accountability, and compliance. Ripple stressed that no other stablecoin issuer currently operates under both state and federal trust supervision, positioning RLUSD as a compliance-first option as banks and institutions accelerate their move into digital assets.

Read more: Ripple’s National Trust Bank Bid Faces Fierce Pushback From Banking Community

Brad Garlinghouse, the CEO of Ripple, commented on social media platform X:

HUGE news! Ripple just received conditional approval from the OCC to charter Ripple National Trust Bank. This is a massive step forward – first for RLUSD, setting the highest standard for stablecoin compliance with both federal (OCC) & state (NYDFS) oversight.

The executive further shared: “While anti-innovation bank lobbyists may claim otherwise, we are ensuring RLUSD is the most transparent and responsibly managed stablecoin in the market today.”

The company emphasized: “With final approvals from the OCC, Ripple can provide even stronger protections for RLUSD holders while ensuring the highest levels of accountability and security.” Ripple noted that RLUSD has surpassed a $1 billion market capitalization in less than a year and is already used in Ripple Payments and by institutional counterparties such as prime brokers. Ripple Payments has processed more than $95 billion in transactions and reaches over 90% of the global foreign exchange market, underscoring growing demand for regulated, enterprise-ready stablecoins.

• What did Ripple receive approval for from the OCC?
  Ripple received conditional approval to establish Ripple National Trust Bank under federal supervision.
• How does the trust bank affect RLUSD?
  The charter places RLUSD reserves under both OCC and NYDFS oversight.
• Why is the GENIUS Act important for Ripple?
  The law created a clear federal framework for U.S. stablecoins.
• How widely used is RLUSD today?
  RLUSD has exceeded a $1 billion market cap and is used by institutional counterparties.

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