Ripple received final OCC approval for Ripple National Trust Bank on October 26, 2026 to support Ripple's RLUSD stablecoin and provide business custody services, following Circle's final approval in July 2026

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

Laws and rules for fiat-pegged tokens, from the US GENIUS Act to Europe's MiCA, covering reserves, licensing and yield restrictions.