@penzlik

Oct 26: the OCC gave Ripple a final federal charter for a trust bank. No deposits, no loans, no FDIC. What it does: hold the reserves behind RLUSD and do custody for institutions. Issuance stays with Standard Custody & Trust under NYDFS. Two lanes, two supervisors. XRP isn’t in the approved activities. Real test is the Fed master account, still pending as far as I can see.

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