Altcoins News
By Julie Binoche
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Ripple’s stablecoin RLUSD is drawing attention from major players in traditional finance, particularly as Bank of America steps up its interest in launching a regulated,…
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Bank of America’s Stablecoin Strategy Takes Shape
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During a public discussion on July 16, 2025, Bank of America CEO Brian Moynihan confirmed that the institution is actively evaluating its position in the stablecoin sector.
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However, instead of building a stablecoin from scratch, analysts and crypto insiders believe that partnering with or adopting an existing, regulation-ready stablecoin could be…
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Among the most likely candidates is Ripple’s RLUSD—a stablecoin built with institutional use in mind and created under the supervision of the New York Department of Financial…
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Why RLUSD Is Emerging as a Strong Contender
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Industry analyst Paul Barron recently highlighted RLUSD’s strong regulatory position and institutional adoption as key factors that make it appealing for a large bank like Bank…
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What sets RLUSD apart is its regulatory-first approach. Created in New York, the stablecoin adheres to one of the most stringent digital asset compliance frameworks in the U.S.
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Its dual-chain interoperability also makes it attractive for financial institutions looking to operate across different blockchains.
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The growing interest in RLUSD isn’t solely based on its technical design or regulatory compliance.
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Past reports even suggest that Bank of America has used XRP in internal pilot programs focused on improving liquidity management and reducing cross-border transaction costs.
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Now that stablecoins are being taken more seriously by banks, Ripple’s history of working with major financial institutions gives RLUSD a significant edge.
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Bank of America isn’t the only U.S. financial giant considering stablecoins. JPMorgan continues to build on its existing JPM Coin and has indicated plans for broader usage within…
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With the signing of the GENIUS Act—a federal bill designed to provide a clear legal framework for stablecoin issuance and usage—banks now have a green light to move forward with…
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This legislative backing may accelerate the integration of stablecoins in traditional banking operations.
The Currency Analytics
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