Ripple CEO Brad Garlinghouse highlighted new institutional partnerships and a regulatory approval for Ripple at its Swell conference. The source says the OCC gave final approval to Ripple National Trust Bank, enabling it to support RLUSD reserves and provide institutional digital asset custody.
RLUSD is already live on Robinhood Chain and Bitstamp by Robinhood, while Robinhood plans to use it on the XRP Ledger for institutional settlement. Ripple is also expanding its work with BNY on custody and tokenized trade finance. Moody’s Ratings assigned RLUSD an A2 long-term rating and a P-1 short-term rating. An analyst said XRP could reach $2.10 only if it held $1.25 and then closed above $1.55 on a daily chart.
