Altcoins News

Story: Ripple’s Stablecoin RLUSD Hits $500M Milestone as BNY Mellon Steps In

By Sakamoto Nashi

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Ripple’s stablecoin RLUSD has quietly crossed the $500 million mark in circulation, entering the upper tier of the stablecoin market by capitalization.

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The RLUSD stablecoin is pegged 1:1 to the U.S. dollar and has seen rapid growth in Q3, doubling its market cap and catching the attention of both institutional players and…

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What sets RLUSD apart is its strategic design and infrastructure, which is clearly being shaped to comply with current and future regulatory frameworks.

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The decision to bring BNY Mellon on board as the custodian adds another layer of legitimacy to RLUSD.

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The timing is also notable. Emirates Airlines recently signed a memorandum of understanding with Crypto.

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At the same time, the U.S. regulatory environment is undergoing significant shifts. The GENIUS Act, which aims to provide a framework for stablecoin regulation, is gaining…

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Ripple’s strategy appears to address both the demand side and the regulatory side simultaneously.

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Market analysts suggest that the rapid expansion of RLUSD could have implications beyond the stablecoin market.

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XRP itself recently reacted positively to Ripple’s strategic moves, rallying toward the $2.50 resistance zone after weeks of consolidation.

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As the crypto market matures, the spotlight is shifting from hype-driven narratives to infrastructure-focused developments.

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Looking ahead, Ripple’s dual approach—leveraging XRP for real-time settlement and RLUSD for stability—could offer a compelling blueprint for crypto projects aiming to integrate…

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In the months to come, the attention will likely turn to whether Ripple secures the banking license it’s applied for, and whether RLUSD can expand its adoption through key…

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