Jacquelyn Melinek
@jacqmelinek
Award-nominated host and founder of @StrataMedia_ (Brands: @TokenRelations, @_TalkingTokens & @TheMarketRunup) Also co-host of @CryptoAmerica_
Joined September 2018
712 Following 48.8K Followers
Worth reading the fine print: $RLUSD will still be issued by Ripple's NYDFS-regulated trust company.
The new national trust bank will manage the reserves, act as collateral trustee for holders and can provide digital asset custody once it opens.
So RLUSD ends up with both a state regulator and federal @USOCC supervision.
TLDR: this is good for Ripple. And RLUSD.
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Big news heading into @RippleSwell: the @USOCC has granted final approval for Ripple National Trust Bank.
This gives Ripple a federally supervised platform to support $RLUSD and provide digital asset custody to enterprises.
We’ve always said crypto and banks work better together — this is what that looks like. Real innovation, real accountability, federal oversight.
The revolution isn't happening outside the system. It's happening from within it.
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