Following the Swell 2026 conference, Ripple announced partnerships with Coinbase, Robinhood, BNY and C2FO, as well as final OCC approval to establish Ripple National Trust Bank, a federally supervised bank intended to support RLUSD reserves and institutional digital-asset custody. The RLUSD stablecoin expanded its availability across several Coinbase platforms, while Ripple said its product revenue run rate was approaching $900 million annually. The XRP Ledger also received proposed code changes to tighten restrictions on permissioned assets, while Flare joined the validator list and Anodos Finance left it. Despite these developments, XRP fell 6% over the week and 4% on the day, reaching a multi-month low of $1.19 before recovering slightly, with its market capitalization dropping below $80 billion.
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