The OCC granted final approval for Ripple National Trust Bank on Oct 26, after conditional approval back in Dec 2025.

What it can do:

- Manage the reserves behind RLUSD

- Act as collateral trustee for RLUSD holders

- Offer crypto custody

What it can't do:

- Take deposits or offer FDIC-insured accounts. It's a trust bank, not a regular bank

- RLUSD is still issued by Standard Custody & Trust Company. The bank adds federal oversight of the reserves

For XRP the effect is indirect at best. Early reaction was pretty muted.

Big step for stablecoins or just a headline? Not financial advice.