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**US OCC Releases Pro-XRPL Statement**
In a significant move, the United States Office of the Comptroller of the Currency (OCC) has released a statement emphasizing its support for banks engaging in blockchain-based services and stablecoin reserves. The announcement provides regulatory clarity for financial institutions seeking to participate in these areas.
Per the OCC’s guidelines, banks can engage in activities like stablecoin issuance, trading, and custody as long as they adhere to sound risk management practices and ensure compliance with applicable laws. This statement marks a significant shift in favor of XRP Ledger (XRPL), a decentralized public blockchain designed for fast transfers of XRP, fiat currencies, and digital assets.
The OCC’s stance is particularly beneficial for Ripple, the company behind XRPL. As the development of the RLUSD ecosystem continues, securing key listings on platforms like Revolut and Zero Hash will increase accessibility across multiple regions. Furthermore, the recent AMM amendment now live on mainnet aims to enhance Automated Market Maker (AMM) liquidity pools on XRPL.
Moreover, news has emerged that Braza, a company specializing in international payments, is launching a stablecoin pegged to the Brazilian Real on XRPL, further diversifying the ledger’s offerings and solidifying its position as a crucial player in global transactions.
