Key facts
- Ripple CEO Brad Garlinghouse announced a new era for XRP, XRP Ledger, and RLUSD.
- US Treasury Secretary Scott Bessent indicated potential collaboration on crypto regulations.
- Ripple National Trust Bank received final OCC approval for digital asset custody.
- Robinhood and BNY Mellon are partnering with Ripple for RLUSD settlement and tokenized trade finance.
- RLUSD received an A2 long-term rating and P-1 short-term rating from Moody's.
Ripple CEO Brad Garlinghouse expressed optimism about a new era for XRP, the XRP Ledger, and RLUSD, driven by increasing institutional interest and a favorable regulatory outlook. Speaking at the Ripple Swell conference, Garlinghouse highlighted the company's progress and partnerships. US Treasury Secretary Scott Bessent suggested potential collaboration between the Treasury, SEC, and CFTC to advance crypto regulations, aiming to foster responsible innovation.
The OCC has granted final approval for Ripple National Trust Bank, which will support RLUSD reserves and provide institutional digital asset custody. Ripple has also expanded partnerships with Robinhood and BNY Mellon, integrating RLUSD for institutional settlement and tokenized trade finance. Moody's Ratings has assigned RLUSD an A2 long-term and P-1 short-term rating, marking it as the first stablecoin to receive an investment-grade rating under the new framework.