Ripple Wins Final Federal Charter for National Trust Bank

The final charter removes a key regulatory uncertainty for Ripple's stablecoin operations, since a federally supervised trust bank now formally houses its reserves. This matters most for counterparties and institutional users who weigh regulatory standing when assessing stablecoin issuers, and it sharpens the contrast with rivals still operating under state or fragmented oversight. The open question is timing: full authorization without an announced opening date leaves the operational start of the trust bank, and how quickly reserve management shifts into it, as the next observable milestone.