Quartz·1 min read·medium
Ripple won final U.S. approval to launch its own national trust bank
✦AI Summary
Ripple has received final U.S. regulatory approval to establish a national trust bank. The institution will manage reserves for the RLUSD stablecoin and provide digital asset custody services.
Why it matters
This marks a significant milestone for crypto-native firms seeking to integrate with the traditional U.S. banking system.
The bank will manage reserves backing the RLUSD…
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One other newsroom covered this event. We read that version too.
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