XRP News Today: Ripple's RLUSD Named Most Trusted Stablecoin as U.S. GENIUS Act Drives Compliance

Ripple’s RLUSD has been designated the most trusted stablecoin following the enactment of the U.S. GENIUS Act, a regulatory framework that establishes stringent requirements for stablecoin issuance and operations. The stablecoin received an “A” rating from Bluechip, a leading stablecoin rating agency, placing it at the forefront of dollar-pegged digital assets. This recognition coincided with the implementation of the law, which mandates that stablecoins be fully backed by U.S. dollars or short-term Treasuries—parameters RLUSD already meets. Ripple CEO Brad Garlinghouse highlighted the timing as a strategic advantage, noting the regulatory developments have bolstered market confidence in the token. The rating agency’s assessment emphasized RLUSD’s focus on transparency and security, key factors now amplified by the GENIUS Act’s requirements [1].

Ripple’s approach to scaling RLUSD has been methodical, with the company resuming minting operations on July 23 after a four-day pause. The firm released 25 million tokens, building on prior issuances of 5 million each on July 18 and 21. This phased rollout aligns with the stablecoin’s goal of embedding itself into Ripple’s broader ecosystem while adhering to the new regulatory landscape. The company’s collaboration with BNY Mellon—the oldest U.S. bank—as custodian for RLUSD’s reserves further reinforces its institutional-grade safeguards. This partnership has been interpreted as a critical validation, differentiating RLUSD from less-regulated alternatives and underscoring its alignment with traditional financial compliance frameworks [7].

Despite RLUSD’s gains, Garlinghouse has urged XRP holders to remain vigilant against emerging scams. He disclosed that fraudulent actors have hijacked real YouTube accounts to impersonate Ripple, promoting fake XRP giveaway schemes. These tactics, which include modified videos and counterfeit live broadcasts, exploit the token’s rising visibility. Garlinghouse emphasized that Ripple will never request users to send XRP and urged the community to report suspicious activity. The surge in scams reflects broader risks in the crypto space, where increasing token prices often attract malicious actors capitalizing on user naivety [8].

The GENIUS Act’s impact on the stablecoin market is evident in the growing demand for tokens that meet federal reserve requirements. RLUSD’s compliance with these standards positions it as a preferred choice for institutional investors seeking stable, regulated digital assets. Analysts note that the law’s emphasis on stability and risk mitigation could reduce volatility in the crypto sector, making RLUSD an attractive hedging tool. However, the token’s long-term success will hinge on maintaining reserve transparency and adapting to evolving regulatory expectations [10].

Ripple’s strategic alignment with the GENIUS Act underscores its broader vision of integrating stablecoins into the traditional financial system. By leveraging institutional partnerships and regulatory clarity, RLUSD has emerged as a benchmark for stability in a sector historically plagued by uncertainty. As the market recalibrates to prioritize compliance, Ripple’s proactive approach to regulatory engagement and user protection is likely to shape the competitive dynamics among stablecoin issuers.

Source: [1] [Ripple’s RLUSD Named Most Trusted Stablecoin After Major U.S. Law Passes] [https://coinmarketcap.com/community/articles/6882493d4ed1db4f630b9f53/] [7] [Digital Assets Archives] [https://fintechnews.sg/digitalassets/] [8] [JrKripto - Everything about Crypto] [https://jrkripto.com/en] [10] [These XRP Price Predictions Will Make You Think] [https://cryptoadventure.com/these-xrp-price-predictions-will-make-you-think]