Ripple Partners BNY Mellon for RLUSD Custody as Stablecoin Surpasses $500 Million

Generated by AI AgentCoin World
Friday, Jul 11, 2025 1:09 am ET1min read

Ripple has made a significant move by partnering with BNY Mellon to custody the reserves of its stablecoin, RLUSD, which has recently surpassed $500 million in circulation. This strategic partnership with one of the largest and oldest custodial banks globally, managing over $45 trillion in assets, underscores Ripple's commitment to integrating RLUSD into the traditional financial infrastructure.

RLUSD, which is fully pegged 1:1 to the U.S. dollar, has seen substantial growth, climbing into the top ten stablecoins by market cap. This growth is not just a market phenomenon but a strategic positioning by

Ripple
to establish RLUSD as a key player in the stablecoin landscape. The stablecoin's market cap has doubled in the third quarter, reaching a record $500 million, indicating a strong trajectory for further growth.

Ripple's application for a U.S. bank license is another pivotal step in this direction. This license would allow Ripple to hold RLUSD reserves directly at the Federal Reserve, providing regulatory clarity and enhancing the stablecoin's credibility. The partnership with BNY Mellon further solidifies this regulatory compliance, ensuring that RLUSD is anchored within a regulated financial framework.

The move by Emirates Airline to adopt crypto payments, including the potential integration of RLUSD, signals a broader trend of real-world adoption of cryptocurrencies. This partnership with Crypto.com, set to roll out in 2026, aims to enable direct crypto payments for flight bookings, highlighting the increasing acceptance of digital currencies in mainstream transactions.

Ripple's strategy of balancing the speculative momentum of XRP with the stability of RLUSD positions the company at the forefront of the next big shift in digital finance. By focusing on regulatory compliance and institutional-grade custody, Ripple is not only aiming to make RLUSD a leader in digital finance but also ensuring its long-term legitimacy and scalability.

As the regulatory focus on stablecoins intensifies, with the GENIUS Act gaining traction, Ripple's proactive approach to compliance and strategic partnerships sets a strong foundation for RLUSD's future growth. The stablecoin's integration into traditional financial rails and its potential role in global settlement further underscore its strategic importance in the evolving digital finance landscape.