Who Gains From Ripple’s New Bank Charter? XRP Holders May Be Last in Line
Ripple won final approval from the Office of the Comptroller of the Currency (OCC) to open a national trust bank. The bank charter covers reserves behind its $2.5 billion Ripple USD (RLUSD) stablecoin but assigns XRP no role. XRP holders sit furthest from the charter’s direct benefits. The token trades at $1.31 on BeInCrypto Markets, The post Who Gains From Ripple’s New Bank Charter? XRP Holders May Be Last in Line appeared first on BeInCrypto.
Key Takeaways
- Ripple won final approval from the Office of the Comptroller of the Currency (OCC) to open a national trust bank.
- The bank charter covers reserves behind its $2.5 billion Ripple USD (RLUSD) stablecoin but assigns XRP no role.
- XRP holders sit furthest from the charter’s direct benefits.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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