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- Binance, one of the largest crypto exchanges, has integrated RLUSD, Ripple’s U.S. dollar–backed stablecoin, into its platform.
- This comes just after President Donald Trump passed the Guiding and Establishing National Innovation for U.S. Stablecoins Act.
Ripple USD (RLUSD), Ripple’s U.S.-regulated stablecoin, started as an enterprise-focused digital asset but has quickly found favor with retail users as well. RLUSD was launched in December 2024 and is built under New York’s strict NYDFS regulatory framework and leverages BNY Mellon for institutional-grade custody. This helps ensure a strong compliance and security foundation.
Binance, the world’s largest crypto exchange in terms of trading volume, has now fully integrated Ripple USD into its ecosystem. As Crypto News Flash has explained before, RLUSD is built on the XRP Ledger and offers investors up to 4.2% annual yields. Earlier this year, RLUSD became a key part of Ripple Payments, which handles over $70 billion in transactions annually.
With Binance’s deep global liquidity behind it, RLUSD is quickly positioning itself as a strong rival to established names like USDT and PayPal’s stablecoin, blending Ripple’s efficient infrastructure with broader accessibility and enhanced market stability.
This integration serves as a ripple effect of regulatory progress. The last time the U.S. passed a financial regulation bill was 15 years ago, following the 2008 financial crisis. History is being made again with the signing of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) on July 18.
This legislation is the first comprehensive federal framework specifically for payment stablecoins, defining them as digital assets pegged to fiat currencies for everyday transactions. Crucially, it excludes them from being classified as securities, bank deposits, or central bank digital currencies (CBDCs).
RLUSD Receives Vote of Confidence
The positive effect is now spilling over and is prompting banks to take a closer look at the stablecoin market. Bank of America’s long-standing partnership with Ripple, dating back to 2019, is a prime example of the institutional confidence in blockchain for liquidity and cross-border payments.
The bank is expected to launch its stablecoin eventually, and many experts like Paul Barron believe Ripple’s RLUSD is already positioned as the stronger choice.
RLUSD’s momentum isn’t limited to the United States; it’s been spreading its wings globally. Recently, it secured a listing on PDAX, one of the Philippines’ leading BSP-licensed cryptocurrency exchanges. This move expands RLUSD’s accessibility to one of Southeast Asia’s fastest-growing crypto markets.
Further boosting its credibility, Bluechip, a digital asset ratings agency, awarded RLUSD an A rating, ranking it among the most trusted stablecoins available today. Ripple has also put its money where its mission is, pledging $25 million in RLUSD to support leading education nonprofits, cementing its commitment to both innovation and social good
July has been a breakout month for RLUSD, with 122.5 million tokens minted so far. Just last week alone saw 45 million new tokens added, 25 million minted on July 23, and 20 million on July 25, based on Ripple’s stablecoin data. The market cap has climbed to $577 million, nearing the $600 million milestone, while daily trading activity surged by 129%, reaching $58.34 million.
Ripple’s native token, XRP, is trading at $3.15, reflecting a 9.70% drop over the past week and a 3.34% dip in the past day, showing that while the stablecoin is gaining traction, XRP itself is facing short-term market pressure.
