The Office of the Comptroller of the Currency granted conditional trust bank charters to Circle, Paxos, and BitGo on December 12, 2025

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Following OCC approval, reserve arrangements for Ripple's RLUSD stablecoin fall under oversight from both the Office of the Comptroller of the Currency and the New York Department of Financial Services

The Office of the Comptroller of the Currency stated that its push to encourage stablecoin issuance under the GENIUS Act complements its Community Bank Comeback initiative to tailor supervision so community banks can compete and grow

The Office of the Comptroller of the Currency stated that stablecoin application intake will open after required federal paperwork approvals are finalized

The Office of the Comptroller of the Currency finalized its implementation rules for the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act during the week of October 18, 2026

The Office of the Comptroller of the Currency called on community banks to apply directly or through subsidiaries to become permitted dollar-pegged payment stablecoin issuers under the GENIUS Act on October 26, 2026

U.S. banking industry groups urged lawmakers and regulators to restrict stablecoin yields, warning that interest-bearing tokens could drain deposits away from traditional community banks

The Office of the Comptroller of the Currency granted final approval for New York-based Ripple National Trust Bank on October 26, 2026

An October 21, 2026 Office of the Comptroller of the Currency bulletin stated it expects to grant temporary waivers allowing qualifying existing stablecoin issuers submitting substantially complete applications by January 18, 2027 to operate during review where appropriate

Banking advocacy groups stated that proposed Office of the Comptroller of the Currency GENIUS Act rules on stablecoin yields conflict with the congressional intent behind the GENIUS Act

Stablecoin issuers must comply with finalized Office of the Comptroller of the Currency regulations starting January 18, 2027 under the GENIUS Act, when federal approval requirements take effect

The Independent Community Bankers of America filed a lawsuit in October 2026 alleging the Office of the Comptroller of the Currency exceeded its legal authority and applied unequal regulatory standards when approving national trust-bank charters for crypto firms

Ripple National Trust Bank is chartered to manage the dollar reserves backing Ripple's RLUSD stablecoin

An Office of the Comptroller of the Currency spokesperson stated that approved crypto trust-bank charters operate under business models distinct from traditional community banks

Senator Elizabeth Warren asked the Office of the Comptroller of the Currency to explain its chartering of nine crypto-focused institutions that she argued pose risks to the financial system

Ripple National Trust Bank's national charter authorizes the institution to provide digital asset custody and fiduciary services to enterprise clients

Under the terms of its OCC approval, Ripple National Trust Bank is restricted to fiduciary operations and cannot accept deposits or grant loans

Ripple National Trust Bank's fiduciary charter places Ripple in direct competition for enterprise crypto custody against BitGo, Paxos, and Circle

Bank Leumi, Israel's largest bank, plans to offer Bitcoin trading in early 2027 through Galaxy Digital, subject to Bank of Israel approval

OneShares launched an exchange-traded product backed by the Venice token (VVV) on the Swiss stock exchange with Anchorage and BitGo serving as custodians

Zodia Custody obtained a payment institution license in Luxembourg in June 2026, enabling regulated stablecoin custody and transfer services across the European Union