Ripple has been working hard to crack the nations for their govt products. And they already reached into the middle east market and managed to push the RLUSD for the internal usage across market. 

Now in their own nation, USA, they have got the approval from the OCC for the national trust bank. This way they would be officially issue the stablecoin and also get to settle the transactions and manage the stablecoins with federal banking.

Who is OCC and what do they do? Find out here. They are the authority that would allow the banks to work in any nation. And now Ripple has got the initial approval from OCC for operating like a bank. 

Why? Because Ripple is already having their own stablecoin. And they seem to be working across multiple nations with it while pegging the USD value. So it's reasonable for them to be accountable and build as a national trust bank. 

You can read about the news here. 

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