RLUSD’s Sneaky Rise to the Top!

by

The Juicy Bits

  • RLUSD has crept its way into the top ten stablecoins, hitting a whopping $500 million in circulation! But what’s behind this sneaky rise to the top? 🤔

While XRP is still trying to get its mojo back, its stablecoin RLUSD has been quietly climbing the ranks. And we mean quietly – it’s like a ninja, slicing its way through the competition without making a peep! 🕵️‍♀️

With a 1:1 peg to the US dollar, that’s a cool 500 million RLUSD floating around. And although it’s still a wee bit behind the big boys like USDT and USDC, this kind of growth is no joke. It’s like a snowball rolling down a hill, gaining speed and size as it goes! ❄️

And then there’s Emirates Airline’s bold move to start accepting crypto payments. It’s like a big ol’ stamp of approval for the crypto world! 📨 So, is RLUSD the dark horse of the stablecoin world? 🐴

RLUSD Hits the Big Time with BNY Mellon

This week has been a real game-changer for Ripple. It’s like they’ve been playing a game of chess, and they’ve just made a move that’s going to change the whole board! 🎲

First, they applied for a US bank license. That’s like getting a golden ticket to the financial world! 🎟️ And then, they partnered with BNY Mellon, one of the biggest and oldest custodial banks in the world. That’s like having a superhero sidekick – it’s a game-changer! 🦸‍♀️

With institutional-grade custody in place, Ripple is positioning RLUSD for a deeper dive into the world of traditional finance. It’s like they’re building a bridge between the crypto world and the real world! 🌉

And with the GENIUS Act gaining traction, the regulatory spotlight is shining bright on stablecoins. It’s like they’re under a microscope, being examined from every angle! 🔍

But Ripple isn’t just trying to make RLUSD a leader in the crypto world. They’re also making sure it plays by the rules, building for scale and legitimacy. It’s like they’re playing a game of Jenga – they’re building a tower that’s going to last! 🧮

Emirates Takes to the Skies with Crypto

Emirates Airlines has signed an MoU with Crypto.com to integrate Crypto.com Pay into its systems. It’s like they’re blasting off into the world of crypto! 🚀

The partnership aims to enable direct crypto payments for flight bookings. It’s like they’re opening the doors to a whole new world of possibilities! 🌟 And although they haven’t confirmed if RLUSD will be part of the setup, it’s still a big deal. It’s like they’re giving crypto a big ol’ thumbs up! 👍

Ripple isn’t sitting still either. Following the news, XRP snapped out of its multi-week range and rallied towards the key $2.50 supply zone. It’s like they’re riding a wave of excitement! 🌟

Partnering with BNY Mellon isn’t just a flex – it’s a serious move. And with RLUSD crossing the $500 million mark, the strategy is already showing results. It’s like they’re reaping the rewards of their hard work! 🌟

By balancing XRP’s speculative momentum with RLUSD’s stability, Ripple is positioning itself at the forefront of the next big shift in digital finance. It’s like they’re surfing a wave of innovation! 🏄‍♂️

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2025-07-11 08:11