Key Takeaways

• The OCC approved national trust bank applications from Bastion, Catena, and Agora on Sept. 18.

• Agora plans to move AUSD issuance into its proposed bank, while Bastion intends to provide white-label stablecoin services.

• Ripple’s proposed bank would safeguard RLUSD reserves and custody crypto.

Ripple’s push to place part of its stablecoin business under federal banking supervision is becoming considerably less exclusive.

The Office of the Comptroller of the Currency (OCC) conditionally approved three crypto-focused national trust banks on…