The post Ripple taps BNY to custody stablecoin reserves as RLUSD surpasses $500M appeared on BitcoinEthereumNews.com.

Key Takeaways RLUSD topped $500M in circulation as Ripple tapped BNY Mellon for institutional-grade custody. With Emirates adopting crypto payments soon, is RLUSD eyeing a bigger role in global settlement? While XRP may still be struggling to reignite FOMO, its stablecoin RLUSD has quietly climbed into the top ten stablecoins by market cap. In fact, it recently hit an all-time high of $500 million. Fully pegged 1:1 to the U.S. dollar, that translates to 500 million RLUSD now in circulation. While it still sits below giants like USDT and USDC, according to AMBCrypto, this kind of growth points to strategic positioning, not just market noise. Combine that with Emirates Airline’s bold move to onboard crypto payments, and you’re looking at early signs of real-world adoption. So, is RLUSD quietly becoming a sleeper contender in the stablecoin race? RLUSD hits $500M as Ripple brings BNY Mellon on board This week feels like a real turning point for Ripple as it pushed deeper into traditional finance. As flagged by AMBCrypto, Ripple has applied for a U.S bank license, marking a big step that would let it hold RLUSD reserves directly at the Fed. The goal? Launch RLUSD, not just as a crypto-native asset, but one built for regulatory clarity. To back that up, Ripple has partnered with BNY Mellon, one of the largest and oldest custodial banks globally, managing over $45 trillion in assets. This marks another strategic move to anchor RLUSD within regulated financial infrastructure. In Q3 so far, RLUSD’s market cap has doubled, with it kicking off July at a record $500 million. With institutional-grade custody now in place, Ripple is clearly positioning RLUSD for deeper integration into TradFi rails. Source: CoinMarketCap Meanwhile, with the GENIUS Act gaining traction, regulatory focus on stablecoins is intensifying. As use cases expand, stablecoins are…

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Filed under: News - @ July 11, 2025 8:24 am