Ripple’s RLUSD Stablecoin Gains Momentum as OCC Backs Bank Partnerships
Ripple’s RLUSD stablecoin is set to see increased adoption after the U.S. Office of the Comptroller of the Currency (OCC) confirmed that community banks can freely collaborate with stablecoin issuers. This decision strengthens RLUSD’s potential in cross-border payments and treasury operations.
Key Points:
- OCC has officially allowed U.S. community banks to work with stablecoin companies without prior restrictions.
- Ripple may now integrate RLUSD into community banks even before its pending national bank license is approved.
- The move signals a friendlier U.S. regulatory stance toward digital assets.
OCC Welcomes Stablecoin Partnerships
The OCC announced that community banks can partner with stablecoin firms to expand innovation and payment accessibility. Comptroller Jonathan V. Gould emphasized that stablecoins can empower smaller banks to better meet community payment needs.
This ruling builds on earlier OCC guidance, such as Interpretive Letter 1183, which confirmed federally regulated banks could provide crypto custody, stablecoin reserves, and blockchain payment verification. By removing the requirement for written non-objection, the OCC has reduced barriers for banks to engage in digital asset services.
While stressing that risk controls remain essential, the OCC acknowledged that crypto services are increasingly becoming a normal part of banking. The update aligns with growing federal interest in creating a stablecoin regulatory framework, as seen in the Treasury’s recently launched GENIUS Act consultation.
Ripple’s Strategic Positioning with RLUSD
For Ripple, this policy shift is a major opportunity. The firm has applied for a U.S. banking license to fully embed RLUSD into traditional finance, but even before that, it can now collaborate with community banks under the new OCC rules.
Ripple has also expanded its ecosystem by acquiring Rail, a Toronto-based platform processing over 10% of global B2B stablecoin flows, in a $200 million deal. This acquisition strengthens RLUSD’s presence in cross-border settlements and treasury services.
Industry analysts note that Ripple’s moves are not just business deals but strategic infrastructure plays, positioning RLUSD at the core of future banking systems.
RLUSD’s Rapid Growth and Renewed Trust
Following the resolution of Ripple’s legal battle with the SEC, enterprise confidence has returned. RLUSD’s circulating supply has surpassed $500 million, with over $150 million in new issuance, growing faster than many competing stablecoins.
Institutional interest has also been bolstered by the GENIUS Act’s clear rules, Ripple’s trust license in New York, and backing from cash reserves and short-term U.S. Treasuries. Together, these elements reinforce RLUSD’s credibility and highlight its potential in a competitive stablecoin market.
