XRP News Today: Ripple's RLUSD Tops Bluechip's Most Trusted Stablecoin Ranking Amid GENIUS Act Compliance

Ripple’s RLUSD has been recognized as the 1 “Most Trusted” stablecoin by Bluechip, a platform specializing in cryptocurrency metrics and rankings. CEO Brad Garlinghouse highlighted the achievement on X, noting the A rating awarded by Bluechip and its assessment that “RLUSD is one of the safest stablecoins available.” The stablecoin’s ranking follows the enactment of the GENIUS Act, a U.S. law requiring stablecoins to be backed 1:1 with dollars or liquid assets like Treasury bills. RLUSD’s reserves, held by BNY Mellon—a global custodian bank—and its segregated status from Ripple’s operational funds, were cited as key factors in its credibility. The timing aligns with regulatory advancements, as the GENIUS Act’s requirements for monthly disclosures, annual audits, and bans on yield payments to holders are already met by RLUSD, which operates under a New York Department of Financial Services Trust Charter.

RLUSD’s growth is also influencing XRP demand. Each transaction burns a small amount of XRP, reducing its supply over time. In the past 10 days, whales have accumulated over 280 million XRP tokens, reflecting heightened confidence. The stablecoin’s daily trading volume averages $763 million, with a market cap nearing $600 million. Ripple recently minted an additional 25 million RLUSD units on July 23, signaling sustained demand.

The stablecoin’s rise challenges existing market leaders. RLUSD has surpassed USDC, previously the top-ranked stablecoin, and is closing in on PayPal’s PYUSD, which holds $865 million in assets. Its competitive edge stems from transparent reserve management, including U.S. Treasury securities and money market funds. Garlinghouse emphasized that RLUSD’s regulatory readiness and institutional-grade security position it as a benchmark for trust in a market frequently scrutinized for liquidity risks and issuer practices.

The ranking underscores Ripple’s strategic shift toward stablecoin innovation and decentralized finance (DeFi). By securing the top spot on Bluechip, RLUSD gains visibility in markets where trust in traditional stablecoins like USDT or USDC has wavered due to past controversies. However, the Bluechip ranking, which evaluates trust metrics rather than performance indices, does not guarantee long-term dominance. Competitors may introduce their own transparency measures, and macroeconomic factors, such as interest rate changes, could influence user behavior.

Ripple’s proactive compliance approach, including third-party audits and public reserve disclosures, may serve as a model for other issuers navigating the evolving regulatory landscape. The company’s legal challenges in the U.S. over its XRP token add context to its pivot toward stablecoins, potentially reshaping perceptions and opening new revenue streams. For now, the Bluechip recognition affirms RLUSD’s role in a maturing stablecoin ecosystem, where trust and regulatory alignment are increasingly critical to adoption.

Source: [1] [title:Ripple CEO Celebrates RLUSD Ranking as 1 ‘Most Trusted’ Stablecoin] [url:https://coinpedia.org/news/ripple-ceo-celebrates-rlusd-ranking-as-1-most-trusted-stablecoin/] [2] [title:the wallstreetbull] [url:https://x.com/thewallstbulloz?lang=en]