Ripple taps BNY to custody stablecoin reserves as RLUSD surpasses $500M

Is RLUSD being built to become the future backbone of traditional finance?

• RLUSD topped $500M in circulation as Ripple tapped BNY Mellon for institutional-grade custody. With Emirates adopting crypto payments soon, is RLUSD eyeing a bigger role in global settlement?

While XRP may still be struggling to reignite FOMO, its stablecoin RLUSD has quietly climbed into the top ten stablecoins by market cap. In fact, it recently hit an all-time high of $500 million.

Fully pegged 1:1 to the U.S. dollar, that translates to 500 million RLUSD now in circulation. While it still sits below giants like USDT and USDC, according to AMBCrypto, this kind of growth points to strategic positioning, not just market noise.