Ripple’s RLUSD Emerges as Top Contender for Bank of America

As Bank of America increases its focus on the stablecoin market, Ripple’s RLUSD is rapidly emerging as a leading candidate, thanks to its strong regulatory foundation and impressive growth trajectory.

Ripple’s Rlusd Emerges As Top Contender For Bank Of America

Bank of America Expands Stablecoin Strategy – RLUSD Seen as a Priority Choice

Bank of America recently confirmed that U.S. banks are actively exploring stablecoin issuance, particularly those pegged to the U.S. dollar and backed by cash and short-term U.S. Treasury securities. In a statement on July 16, 2025, CEO Brian Moynihan noted that the bank has conducted extensive internal research but will move forward only once regulatory clarity is achieved.

While the possibility of developing an in-house solution is still on the table, many experts believe Ripple’s RLUSD could be the more practical option. Renowned crypto investor Paul Barron remarked that RLUSD is built on a solid foundation and aligns perfectly with Bank of America’s “compliance-first, innovation-later” philosophy.

RLUSD is licensed in New York under the strict oversight of the New York State Department of Financial Services (NYDFS) and has partnered with BNY Mellon to provide institutional-grade custody solutions.

Multi-Chain Support and Robust Growth

Bank Of America Is Interested In Stablecoins
Bank Of America Is Interested In Stablecoins

Beyond its regulatory credentials, RLUSD stands out for its interoperability. The token functions seamlessly on both the XRP Ledger and Ethereum, offering flexible integration options for financial institutions.

In just the past month, RLUSD’s market capitalization has surged by over 30%, surpassing $500 million, a clear indicator of rising user confidence and adoption among investors.

A Longstanding Relationship Between Ripple and Bank of America

Bank of America’s interest in RLUSD is no coincidence. Since 2019, the bank has maintained a strategic partnership with Ripple, with patents and internal documents referencing the use of Ripple’s distributed ledger technology for interbank payments.

Bank of America has even conducted internal transaction tests using XRP—an indication of its growing shift toward decentralized payment models aimed at enhancing liquidity management and expediting cross-border settlements. These are precisely the areas where RLUSD offers a technical edge.

Analysts suggest that if major U.S. banks opt to collaborate on a unified stablecoin infrastructure, RLUSD, with its strong regulatory profile and existing ecosystem, would be a highly attractive choice.

(1 vote)

3.0/5

(1 vote)

Latest

Binance.us Accused Of Political Favoritism After Listing Trump Family’s Usd1 Token

News | Editor Choice | Policy & Regulations

Binance.US Accused of Political Favoritism After Listing Trump Family’s USD1 Token

Binance.US is facing a wave of fierce criticism after listing the Trump family’s USD1 stablecoin, just a week after Donald Trump’s controversial pardon of Changpeng Zhao — a move many see as a “political favor” between the White House and the crypto world.

Spacex Moves $31 Million In Bitcoin, What Is Elon Musk Planning

News | Bitcoin | Editor Choice

SpaceX Moves $31 Million in Bitcoin, What Is Elon Musk Planning?

SpaceX’s sudden $31 million Bitcoin transfer within just one week has sent shockwaves through the market, sparking speculation that Elon Musk may be preparing for a mysterious strategic move.

21shares Files For Hype Etf, While Bitwise’s Solana Etf Records

News | Altcoin | Editor Choice

21Shares Files for HYPE ETF, While Bitwise’s Solana ETF Records

The crypto ETF market is heating up as 21Shares and Bitwise roll out new products, signaling Wall Street’s growing interest in altcoins.

Bitcoin Eyes A Hopeful November Amid Fed Division On December Rate Cut

News | Bitcoin | Editor Choice

Bitcoin Eyes a Hopeful November Amid Fed Division on December Rate Cut

Following the Federal Reserve’s widely expected rate cut, the crypto market has yet to show signs of recovery as internal divisions over a potential December easing weigh on sentiment, making Bitcoin’s short-term outlook more cautious than ever.

Ethereum’s Key Changes After The Fusaka Upgrade

News | Altcoin | Editor Choice

Ethereum’s Key Changes After the Fusaka Upgrade

The Fusaka upgrade marks a pivotal step in Ethereum’s journey toward large-scale scalability, promising faster transaction speeds, enhanced security, and laying the foundation for the next explosive phase of the world’s leading blockchain.

Screenshot 2025 10 20 091338