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Airports embrace AI to manage growing global passenger traffic | Aviation News

Airports use technology for passenger flow, baggage tracking and predictive maintenance to enhance efficiency and experience.

As global air passenger traffic is forecast to hit 10.2 billion in 2026, a 3.9 percent year-on-year increase, investments have been pouring in to improve airport infrastructure and operational efficiency and use artificial intelligence to achieve it.

Working with data released by Airport Council International, airports are relying on the increasing use of AI to embrace the rise in demand.

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AI is now being embedded in airports’ workflows to reshape everything from passenger flow management to airside maintenance, cybersecurity, lost luggage and enhancing on-site and virtual customer experiences, according to analysts and experts at the Airport AI Exchange event this month during discussions of the technology’s existing use and its potential.  

The use of AI-powered analytics to anticipate congestion at security, immigration and boarding points is also helping to prevent delays. Resources are being allocated to shift from reactive crowd management to predictive operations.

AI-powered baggage optimisation tools and biometric processing – which would allow passengers to walk through immigration without the need to present a physical passport – are also gaining traction as airports seek to improve passenger experience while maintaining operational efficiency.

“AI started changing very rapidly in 2017 and initiated this entire AI race and enabled us to really use AI, the neural network that we talked about and heard about since the 1940s,” Amad Malik, chief AI officer at Airport AI Exchange, said.

“Since then, the progressions have been very, very steep. If you look at the curve from the first day to now, AI is able to do so much more. In only the last two years, the ability has grown exponentially.”

What are airports using AI for?

In addition to quicker immigration controls, analysts said AI is aiding automated check-ins and boardings, baggage handling and tracking, and predictive maintenance. It is also enhancing passenger experience, providing security screening, and offering personalised services and assistance, they said.

AI-powered analytics can enable airports to tailor services and experiences to individual passenger preferences, fostering a more personalised and efficient journey from check-in to boarding, according to Mahmood AlSeddiqi, former vice president of IT for the Bahrain Airport Company.

While insights shared at the Airport AI Exchange suggested AI has advanced at an exponential pace over the past few years, some argue that aviation’s adoption of the technology has remained comparatively limited.

“AI has progressed exponentially over the past few years, but compared to that curve, aviation’s use of AI is still negligible,” said Malik, adding that that gap is partly explained by the sector’s reliance on legacy systems and its inherently cautious operating model.

Much of the technology still underpinning aviation operations dates back decades and innovation is often slowed by the industry’s safety-critical nature, he said.

“When you’re dealing with people’s lives, safety and regulation outweigh speed of innovation,” Malik noted.

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Is the global economic order unravelling? | Business and Economy

As the United States pushes its ‘America First’ agenda, its partners are edging towards China and new alliances are being formed.

It was built on democracy, open markets and cooperation – with America at the helm.

But the rules-based global order created after World War II is now under strain. Conflicts are rising. International rules are being tested. Trade tensions are escalating. And alliances are shifting.

At the centre of it all is US President Donald Trump.

In just a few short weeks, he’s captured Venezuela’s president, vowed to take control of Greenland, and threatened to slap tariffs on those who oppose him.

Meanwhile, China is presenting itself as a stable partner.

Many warn that the global order is starting to break apart.

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B-21 Raider Future Insights From Global Strike Command’s Top General

The B-21 Raider stealth bomber is one of the Air Force’s most ambitious weapons programs, designed to carry out deep-penetrating nuclear and conventional strikes over heavily defended skies and other missions its predecessor, the B-2, was never envisioned as doing. As the head of the U.S. Air Force Global Strike Command (AFGSC), one of Gen. Stephen L. Davis’s main tasks is guiding the development of the Raider, of which 100 are currently slated for procurement and that number could grow substantially larger in the coming years.

In his first interview since taking command on Nov. 4, 2025, from Gen. Thomas Bussiere, Davis offered The War Zone exclusive insights about the B-21 and what it can bring to the table in a future high-end fight. As the leader of AFGSC, Davis also oversees B-1B Lancer, B-2A Spirit, and B-52 Stratofortress strategic bombers and all U.S. Air Force intercontinental ballistic missiles (ICBMs). During his Monday morning conversation with us, Davis talked about a host of other topics beyond just the Raider, including the future of the E-4C “Doomsday Plane,” the way forward for the troubled Sentinel ICBM program, and challenges posed by China and Russia.

You can read the first part of our interview here.

Some of the questions and answers have been lightly edited for clarity.

Air Force Gen. Stephen L. Davis, commander of U.S. Air Force Global Strike Command. (USAF)

Q: What capabilities will the B-21 have by the time it achieves initial operating capability (IOC), and what will come later?

A: Right now, I’m focused on delivering the initial capability. And unfortunately, I can’t talk too much about the capabilities of the bomber. They are significant, and they are impressive. From the command’s perspective, we’re concentrating on getting everything in place up at Ellsworth Air Force Base in South Dakota to bed down that capability. Really, it’s the acquisition community that’s still delivering that plane, and I’m certainly interested in that, but I’m probably more focused on the bed down and getting those things right.

Q: Can you provide an update on the Raider’s Initial Operating Capability (IOC)?

A: As for IOC, we are thinking of it in an OPSEC framework. We are not building prototypes, and the infrastructure to support the B-21 is on time. The program remains a benchmark of acquisition and has validated the value of the digital engineering that went into it from the beginning; I can tell you that the penetrating global strike platform we are building and will get with the Raider is amazing.

Q:  Will the B-21 still be optionally manned?

A: That’s a future capability for the aircraft. Right now, we’re planning for the manned implementation of that aircraft and getting the crews ready to be at Ellsworth when the plane arrives.

We now have our first look at the U.S. Air Force's two flying B-21 Raider stealth bombers together at Edwards Air Force Base.
The two flying B-21s at Edwards Air Force Base. (USAF)

Q: What roles will the B-21 be capable of executing beyond the standard deep strike mission set of the B-2? Will they be able to defend themselves kinetically from air threats as well as ground threats?

A:  I really don’t want to talk about those specific attributes of the B-21 because some of those are classified. What I can say is that it will continue to build on the capabilities of the B-2. As you know, in the environment and the places where it might operate, those people are improving their defenses, and likewise, we have to improve the capabilities so we can deliver for the president and the nation a penetrating bomber. Clearly, with a nuclear mission, there are places that we’re going to have to go to deliver nuclear weapons, if ever called upon by the president of the United States, and that’s something that I have to provide to the Department of War and to the president.

Q: We have heard so much about the Long-Range Strike family of systems, but so far, we only know of two members of that family, the B-21 and the Long-Range Stand-Off Weapon (LRSO). What other types of systems make up this family and when will we be able to meet them in the future? 

An Air Force illustration of the Long-Range Stand-Off Weapon. (USAF)

A: Well, once again, you hit me on all the classified aspects of the program. I would say any platform operating today is in a family of systems that’s connected to other things within the Department of the Air Force, and the Department of War, and that’ll continue to be the case of the B-21. And, as a matter of fact, we’re going to extend those, and it will be more connected than the B-2 in order to do its penetrating global strike mission. I think one thing you could add to family systems is the F-47 6th-generation fighter. You know, it’s going to be paired with the F-47 under certain circumstances. So we certainly consider that new 6th-generation stealth fighter as part of the family of systems that might be employed with the B-21.

Q: Any update on that program?

A: Nothing other than I believe it still remains on track. I was recently out of St. Louis, and they got a chance to take a look at the work that they were doing out there. As you know, Air Force Gen. Dale White has just been announced as the Direct Reporting Portfolio Manager for Critical Major Weapon Systems, leading the F-47 and the B-21 programs, so that will create some integration there as well. I know Dale. He’s a very talented acquirer, so I think that bodes well for both those programs.

President Donald Trump has brought up the possibility of changing the designation of the U.S. Air Force's F-47 sixth-generation stealth fighter if the program gets to a point where "I don't like it."
The future F-47 6th-generation stealth fighter will be paired with the B-21 under certain circumstances. (USAF illustration) USAF

Q: How will unmanned systems, specifically aerial drones, be paired with the future bomber force? What capabilities are you looking at in this regard? 

A: In terms of what we might incorporate into both the B-21 and the B-52 in future environments, we’re going to take every bit of information we get on board that aircraft to improve situational awareness. So I’m agnostic on where that comes from, whether that’s overhead capabilities, whether that’s remotely piloted capabilities, or UASs. Our plan is to integrate as much information as we can of that platform.

Q: Will B-21s be able to control collaborative combat aircraft (CCAs) or longer-range drones? What about the B-52J?

A YFQ-42A CCA in flight during testing. (GA-ASI)

A: In terms of CCAs, I think where the Air Force is right now is that they’re building those to be incorporated into the F-47 primarily in fighter aircraft. That’s the first step. It’s certainly possible in the future that they might become part of that family of systems. When you think about long-range strike, when we’re doing [continental U.S.] CONUS-based missions, it really would limit the ability to use some of those platforms as they don’t quite have the extended flight envelopes that the B-21 and the B-52 have.

Q: And with the B-52, as far as working with CCAs, is that still to be determined?

A: I would say yes. I would think that the B-21 would be the more logical partner for that. But once again, we have to deliver that capability that the Air Force does and integrate with fighters. That’s the first step. Assuming that goes well. I think we’ll look at the next steps.

The B-21 Raider was unveiled to the public at a ceremony Dec. 2, 2022 in Palmdale, Calif. The B-21 is a product of partnerships with industry, the Department of Defense, and Congress. The program is designed to deliver on our enduring commitment to provide flexible strike options for coalition operations that defend us against common threats. (U.S. Air Force photo)
The B-21 Raider was unveiled to the public at a ceremony Dec. 2, 2022 in Palmdale, Calif. (U.S. Air Force photo) 94th Airlift Wing

Q: What will it take to pierce China’s A2AD [anti-access/area denial] umbrella? What capabilities do you need to do the job, from a [ground moving GMTI/AMTI target indicator/air moving target indicator] space layer to drones to accompany B-21s? What is your vision?

A: We have a requirement to be able to do that day-to-day for the president. We have to be able to penetrate adversary air defenses and deliver capabilities as directed. And we’ll continue to do that, taking all the information we can get and integrating it into the B-21. Obviously, one of the great things about the B-21 is that it’s going to be much more capable. It will have more sensors. It will have more inputs to it that will make it even stronger and more capable as a penetrating bomber.

Q: What role will your bombers play in taking down the Chinese Navy?

A: That’s an operational plan. I really can’t talk much about it, other than to say that long-range strike contributes to every important mission set that we have in the Department of War. Obviously, one of the attributes of the modern force is the variety of weapons they can carry, and the number and types of targets they can attack. I think in any major confrontation that the U.S. would find itself in, you’re going to find your bomber forces are bringing those skill sets to bear.

The first pre-production B-21 Raider seen from below during its first flight in November 2023. (Andrew Kanei) The first pre-production B-21 Raider seen from below during its first flight in November 2023. Andrew Kanei

Q: What makes the move to put a single pilot onboard the B-21, along with a weapon systems officer (WSO) instead of two pilots, possible, and why is that the right call? 

A: In terms of the crew complement for the B-21, that’s an ongoing discussion within the Department of the Air Force. No final decision has been made. Frankly, we had the same discussion on the B-2 on how it would be manned. And ultimately, they went with two pilots, in part because of the cost of the platform and the number they were producing. Actually, at the time, it was a requirement to have navigator or WSO experience to be a B-2 pilot. We went away from that over time, but that was one of the initial requirements. With B-21 pilots, it’s a different plane, as it has a number of different capabilities. So we think that the right thing to do is look carefully at that crew complement and decide how to best make that the most capable combat platform we can.

A B-21 Raider conducts flight testing, which includes ground testing, taxiing, and flying operations, at Edwards Air Force Base, California. The B-21 will interoperate with our allies and partners to deliver on our enduring commitment to provide flexible strike options for coalition operations that defend us against common threats. (Courtesy photo)
A B-21 Raider conducts flight testing at Edwards Air Force Base, California. (Courtesy photo/USAF) Giancarlo Casem

Q: Will the B-21 have creature comforts that the B-2 doesn’t have to help the crew out during long missions?

A: I think the B-21 is going to be largely like the B-2 in how it supports the crews. There’s enough room for crew members to go on rest status. There’s a place to go to the bathroom, obviously, and to prepare food. All those things will exist in the B-21.

Contact the author: howard@thewarzone.com

Howard is a Senior Staff Writer for The War Zone, and a former Senior Managing Editor for Military Times. Prior to this, he covered military affairs for the Tampa Bay Times as a Senior Writer. Howard’s work has appeared in various publications including Yahoo News, RealClearDefense, and Air Force Times.


Tyler’s passion is the study of military technology, strategy, and foreign policy and he has fostered a dominant voice on those topics in the defense media space. He was the creator of the hugely popular defense site Foxtrot Alpha before developing The War Zone.


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Global brand in an EFL world – Wrexham’s finances explained as club eye Premier League

Because the EFL’s profit and sustainability rules are about trying to make sure clubs are not losing unsustainable amounts of money.

Despite going on a summer spending spree, paying about £30m for players and having one of the highest net spends around, Wrexham are well within the financial parameters because of the commercial revenue already being brought in thanks to deals with giants such as United Airlines and HP.

In League Two, they were already bringing in more than 20 of the 24 Championship clubs.

“Under the PSR rules, you’re allowed to lose £39m over three years,” said Maguire. “Looking at their two most recent sets of accounts, Wrexham lost around about £23m – but they’ve had substantial increases in broadcast revenue, from about £1.2m in TV money in League Two to about £12m this season.”

That is before taking into account a significant jump in sponsorship and commercial income, with chief executive Michael Williamson estimating they are already on a par with some top-flight clubs.

“We have a global brand, a Premier League brand in the Championship,” Williamson told Ben Foster’s Fozcast podcast in August 2025.

“What we don’t have is the broadcast revenue of Premier League clubs or the parachute payments.

“From a commercial standpoint, if you compared us to Championship clubs, I’m sure we’d be among the top and – on commercial revenues only – we would probably surpass a handful of Premier League clubs, around four or five I would guess.”

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Why Japan’s economic plans are sending jitters through global markets | Business and Economy News

Japanese Prime Minister Sanae Takaichi’s tax and spending pledges in advance of snap elections next month have sent jitters through global markets.

Japanese government bonds and the yen have been on a rollercoaster since Takaichi unveiled plans to pause the country’s consumption tax if her Liberal Democratic Party wins the February 8 vote.

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The market turmoil reflects concerns about the long-term sustainability of Japan’s debt levels, which are the highest among advanced economies.

The volatility has extended beyond Japan, highlighting broader fiscal sustainability worries in an era in which the United States and other major economies are running huge deficits.

What has Takaichi promised on the economy?

Takaichi said last week that she would suspend the country’s 8 percent consumption tax on food and non-alcoholic beverages for two years if her government is returned to power, following her dissolution of the House of Representatives.

Based on Japanese government data, Takaichi’s plan would result in an estimated revenue shortfall of 5 trillion yen ($31.71bn) each year.

Takaichi, a proponent of predecessor Shinzo Abe’s agenda of high public spending and ultra-loose monetary policy, said the shortfall could be made up by reviewing existing expenditures and tax breaks, but did not provide specific details.

Takaichi’s tax pledge comes after her Cabinet in November approved Japan’s largest stimulus since the COVID-19 pandemic.

The package, worth 21.3 trillion yen ($137bn), included one-time cash handouts of 20,000 yen per child for families, subsidies for utility bills amounting to about 7,000 yen per household over a three-month period, and food coupons worth 3,000 yen per person.

Why have Takaichi’s pledges unnerved markets?

Japan’s long-term government bond yields soared following Takaichi’s announcement.

Yields on 40-year bonds rose above 4 percent on Tuesday, the highest on record, as investors exited from Japanese government debt en masse.

Bond markets, through which governments borrow money from investors in exchange for paying out a fixed rate of interest, are closely watched as a gauge of the health of countries’ balance sheets.

While typically offering lower returns than stocks, government bonds are seen as low-risk investments as they have the backing of the state, making them attractive to investors seeking safe places to park their money.

As confidence in a government’s ability to repay its debts declines, bond yields rise as investors seek higher interest payments for holding riskier debt.

“When Prime Minister Takaichi announced a planned reduction in consumption taxes, this made existing bond-holders of Japan’s debt uneasy, requiring a higher compensation for the risk they bear,” Anastassia Fedyk, an assistant professor of finance at the Haas School of Business of the University of California, Berkeley, told Al Jazeera.

“As a result, bond prices dropped and yields rose. And yes, this is a general pattern that applies to other countries, too, though Japan has an especially high level of debt, making its position more vulnerable.”

Japan’s debt-to-GDP ratio already exceeds 230 percent, following decades of deficit spending by governments aiming to reverse the country’s long-term economic stagnation.

The East Asian country’s debt burden stands far above that of peers such as the US, UK and France, whose debt-to-GDP ratios are about 125 percent, 115 percent and 101 percent, respectively.

At the same time, the Bank of Japan (BOJ) has been scaling back bond purchases as part of its move away from decades of ultra-low interest rates, limiting its options for interventions to bring yields down.

“Bond investors reacted because her headline package looks like large, near-term fiscal loosening at exactly the moment the BOJ is trying to normalise policy,” Sayuri Shirai, a professor of economics at Keio University in Tokyo, told Al Jazeera.

How does all this affect the rest of the world?

The sell-off in Japanese bonds reverberated through markets overseas, with yields on 30-year US Treasuries rising to their highest level since September.

As Japanese bond yields rise, local investors are able to earn higher interest payments at home.

That can incentivise investors to offload other bonds, such as US Treasuries.

As of November, Japanese investors held $1.2 trillion in US Treasuries, more than any other foreign group of buyers.

In an interview with Fox News last week, US Treasury Secretary Scott Bessent expressed concern about the impact of Japan’s bond market on US Treasury prices and said he anticipated that his Japanese counterparts would “begin saying the things that will calm the market down.”

Japan’s long-term bond yields fell on Monday amid the expectations that Japanese and US authorities would step in to prop up the yen.

On Friday, The New York Times and The Wall Street Journal reported that the Federal Reserve Bank of New York had inquired about the cost of exchanging the Japanese currency for US dollars.

“Japan matters globally through flows. If Japanese government bond yields rise, Japanese investors can earn more at home, potentially reducing demand for foreign bonds; that can nudge global yields and risk pricing,” Shirai said.

“This is why global-market pieces have framed Japan’s bond move as a wider rates story.”

Higher bond yields in Japan, the US and elsewhere raise the cost of borrowing and servicing the national debt.

In a worst-case scenario, a sharp escalation in interest rates can lead to a country defaulting on its debts.

Masahiko Loo, a fixed income strategist at State Street Investment Management in Tokyo, said that the reaction of international investors to Takaichi’s plans reflects growing sensitivity to fiscal credibility in highly indebted economies.

“Yes, Japan may be the spark, but the warning applies equally to the US and others with large structural deficits,” Loo told Al Jazeera.

Is Japan on the verge of a financial crisis?

Probably not.

While Japan is more indebted than its peers, its fiscal position is more sustainable than it might appear due to factors specific to the country – at least in the short to medium term – according to economists.

The vast majority of Japan’s debt is held by local institutions and denominated in yen, reducing the likelihood of a panic induced by foreign investors, while interest rates are far lower than in other economies.

“The debt situation is more manageable than a lot of people think,” Thomas Mathews, head of markets for Asia Pacific at Capital Economics, told Al Jazeera.

“Net debt-to-GDP is on a downward trajectory, and Japan’s budget deficit isn’t all that big by global standards.”

Loo of State Street Investment Management said that the turmoil surrounding Japan had more to do with a “communication gap around fiscal sustainability and policy coordination” than the country’s solvency.

“That said, markets are likely to continue testing the feasibility of the agenda, as even fiscally sanguine countries have, at times, been disciplined by market forces,” Loo said.

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EU inks ‘mother of all trade deals’ with India amid global turmoil

After months of intense negotiations, the European Commission concluded on Tuesday a free-trade deal with India which sharply reduces tariffs on EU products from cars to wine as the world looks for alternative markets following President Donald Trump’s tariff hit.

The announcement was made during a high-level visit by European authorities including Commission President Ursula von der Leyen. Both countries hailed a “new chapter in strategic relations” as the two looks for alternatives to the US market.

India is currently facing tariffs of 50% from the Trump administration, which has severely dented its exports. After sealing the Mercosur deal with Latin American countries earlier this month, the EU has said it aims to speed up its trade agenda with new partners.

“We did it – we delivered the mother of all deals,” von der Leyen said after the deal was announced. “This is the tale of two giants who choose partnership in a true win-win fashion. A strong message that cooperation is the best answer to global challenges.”

Talks went down to the wire with negotiators meeting over the weekend and in the early hours of Monday. The deal says it will bolster the “untapped” potential of their combined markets but did not include politically sensitive sectors such as agriculture.

The EU’s powerful trade chief Maroš Šefčovič, who in charge of negotiating on behalf of the 27 EU member states, said Brussels aims for a fast implementation by 2027.

In an interview with Euronews from Delhi after the deal was announced, Šefčovič said the India deal showcases the EU’s new approach when it comes to trade: more pragmatic on deliverables, rather than getting stuck on political red lines.

“We resumed negotiations with a new philosophy, being very clear in saying: if this is sensitive for you, let’s not touch it,” Šefčovič told Euronews, describing the strategy as a gamechanger.

A win for European exports looking to tap Indian market

Under the agreement, the EU aims to double goods exports to India by 2032 by cutting tariffs on approximately 96% of EU exports to the country, saving around €4 billion a year in duties. At its full potential, the deal creates a market of 2 billion people.

Europe’s carmakers emerge as beneficiaries, with Indian customs duties gradually reduced from 110% to 10% under a quota system. Tariffs in sectors including machinery, chemicals and pharmaceuticals will also be almost entirely eliminated.

Wine and spirits, key exports for countries like France, Italy and Spain, will see duties reduced from 150% to around 20 to 30%. Olive oil duties will be cut to zero from 40%.

After years of tensions with EU farmers, the Commission said sensitive agricultural products had been excluded from the agreement, leaving out beef, chicken, rice and sugar.

When it comes to India, the agreement keeps trade terms on dairy and grain untouched in line with the demands of the Indian authorities, which saw it as a red line.

The Commission, which negotiated the deal on behalf of the EU’s 27 member states, said it included a dedicated sustainable development chapter “which enhances environmental protection and addresses climate change.”

The agreement does not cover geographical indications, another contentious area for negotiators, which will be addressed in a separate deal aimed at protecting EU products from imitation on the Indian market.

Deal cut under pressure from Trump’s tariffs

The timing of the deal is important as the two sides look to de-risk their economies from the threat of Trump’s tariffs.

The EU saw tariffs triple to 15% last year under a contentious deal and India is currently operating under a 50% tariff regime from Washington.

The Trump administration slapped an additional 25% duty on India last year as punishment for buying Russian oil, which India has defended citing a need for cheap energy to power a country of 1.4 billion people.

Talks between the EU and India first began in 2007 but quickly ran into hurdles.

Negotiations were relaunched in 2022 and talks intensified last year as the two sought to cushion the impact of Trump’s return to the White House.

After the deal was signed during a two-day trip on Tuesday, in which the chiefs of the Commission and the European Council were guest of honour, the EU said the deal showcases that “rules-based cooperation” remains the preferred path for the bloc – and a growing number of partners from Latin America to India.

Before the deal can be implemented, the European Council and the European Parliament will have to ratify it, which can become an arduous process.

The Commission hopes to begin implementing the agreement from January 2027.

This story has been updated with comments by Commissioner Šefčovic to Euronews. Watch online and on television.

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Ripple Nears Banking License | Global Finance Magazine

Crypto firm Ripple has been granted conditional approval in its bid to secure a national trust bank charter from the Office of the Comptroller of the Currency (OCC)—the US federal regulator that supervises national banks and federal savings associations.

Ripple, together with four other crypto-related businesses, Circle, BitGo, Fidelity Digital Assets, and Paxos, won provisional agreement from the OCC despite opposition from Main Street banks.

The OCC tentatively approved Ripple, creator of the RLUSD dollar-backed stablecoin and XRP payment token, and Circle, issuer of the USDC stablecoin, to establish national trust banks. Elsewhere, the OCC also gave preliminary approval to BitGo, Fidelity Digital Assets, and Paxos, to convert from state-regulated trust companies to nationally regulated trust banks.

Analysts say the pushback from banking industry groups might be an overreaction. The American Bankers Association, Independent Community Bankers of America, and Bank Policy Institute argue that granting charters is a backdoor into the banking sector that poses a systemic risk.

“[The] decision by the OCC to grant conditionally five national trust charters leaves substantial unanswered questions,” said Greg Baer, president and CEO of the Bank Policy Institute, in a prepared statement. “Chiefly, whether the requirements the OCC has outlined for the applicants are appropriately tailored to the activities and risks in which the trust will engage.”

But national bank trust charters do not allow regulated entities to solicit deposits, offer checking or savings accounts, or access insurance from the FDIC [Federal Deposit Insurance Corporation], which underwrites most banking deposits in the US.

Despite the OCC’s provisional approval, crypto firms must still satisfy the OCC’s capital, risk, and governance standards before full approval is granted.

Meanwhile, Ripple has secured approval from Abu Dhabi’s financial regulator, permitting Ripple’s RLUSD stablecoin for use inside the Abu Dhabi Global Market (ADGM)—a financial center—as an Accepted Fiat-Referenced Token. Approval from the Financial Services Authority will place RLUSD alongside a small group of tokens approved for ADGM use. Earlier this year, RLUSD received approval from the Dubai Financial Services Authority and has recently expanded its Middle East footprint into neighboring Bahrain.

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