Key highlights:
- RLUSD secures institutional trust from BNY Mellon as it races past $500M in supply.
- Ripple’s next target? A federal banking license to cement its stablecoin dominance.
Yello Paradisers! Ripple just got its RLUSD stablecoin adopted by a custodian that once guarded gold bars, war bonds, and Rockefeller’s lunch money.
BNY Mellon, with over $2 trillion in assets under management, is now in charge of RLUSD reserves, signaling a major leap in stablecoin credibility.
This partnership didn’t just drop out of thin air. RLUSD has grown at lightning speed since launching in December 2024, reaching a half-billion-dollar supply in only seven months. That’s not just “adoption”—that’s institutional-grade acceleration.
And what’s RLUSD backed by? Not dreams, vapor, or casino tokens, but by cold, boring, trustworthy assets: short-term U.S. treasuries, cash, and equivalents. Just the way big money likes it.
Boring by Design, and That’s the Point
RLUSD is not trying to be the fun uncle at the crypto barbecue. It’s built for the CFO. The treasurer. The payment rail engineer. Designed for real-time settlements, cross-border payments, and enterprise-grade use cases, this stablecoin isn’t interested in meme culture. It’s looking to unseat USDT in the corridors of corporate finance.
The New York Department of Financial Services gave it a stamp of regulatory approval, and now BNY Mellon’s backing cements RLUSD’s seriousness in a sector often confused with a casino.
Ripple’s senior VP of Stablecoins, Jack McDonald, called the partnership essential for high-trust digital assets. Meanwhile, BNY Mellon’s Emily Portney reminded the world that Wall Street isn’t here to be left behind, it’s here to own the rails of whatever system comes next.
Ripple’s Federal Ambitions
Ripple isn’t stopping with BNY. It’s also pursuing a national trust bank charter from the OCC, a move that would allow it to act like a full-fledged bank, issuing stablecoins and holding customer funds. If successful, RLUSD could operate with the same privileges as JPMorgan’s Onyx or Circle’s USDC, but with the added swagger of XRP’s blockchain backbone.
And yes, we will discuss what this means for on-chain liquidity, altcoin season, and the USDT vs RLUSD capital flight on our next YouTube stream. You don’t want to miss what our ParadiseFamilyVIP analysts are about to drop.
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Ripple just handed custody of RLUSD’s reserves to BNY Mellon, $2 trillion AUM meets blockchain trust. When the oldest U.S. bank backs your stablecoin, credibility isn’t a feature, it’s the foundation. Is your #crypto strategy watching retail coins, or the next institutional kingmaker?
