Ripple’s RLUSD Takes Crown as #1 ’Most Trusted’ Stablecoin—CEO Goes Full Victory Lap

Move over, Tether—Ripple just flipped the stablecoin script.

The San Francisco-based blockchain giant's RLUSD stablecoin just grabbed the #1 spot in 'Most Trusted' rankings, sending CEO Brad Garlinghouse into celebratory mode. This isn't just another crypto milestone—it's a direct challenge to the old-guard stablecoins that've dominated trading pairs for years.

Trust but verify (with blockchain)

While legacy finance still debates stablecoin regulation, Ripple's token scored its credibility points through transparent reserves and real-time audits. No black-box accounting here—just the kind of verifiable backing that makes central bankers twitch.

The irony? This 'trusted' badge drops while traditional banks face yet another crisis of confidence. Maybe those quarterly FDIC reports aren't as reassuring as they thought.

One thing's clear: In the race for stablecoin supremacy, RLUSD just lapped the competition. Now watch every exchange rush to list it—while quietly shuffling their reserve policies.

Ripple’s stablecoin is quickly becoming a serious player in the market and now it’s got the top rating to prove it.

Ripple CEO Brad Garlinghouse announced that RLUSD, the company’s US dollar-pegged stablecoin, has officially been ranked the #1 most trusted stablecoin by Bluechip, a well-known stablecoin ratings agency.

“ICYMI in the midst of all the regulatory goodness last Friday… @bluechip_org ranked $RLUSD as the #1 most trusted stablecoin in the market,” Garlinghouse posted on X.

Bluechip gave RLUSD an A rating, stating clearly: “RLUSD is one of the safest stablecoins available.”

RLUSD Surpasses USDC With Strong Backing

RLUSD has now overtaken USDC, which previously held the top spot. So what’s driving the trust?

The stablecoin is backed by U.S. Treasury bills, money market funds, and bank deposits, with reserves safely held by BNY Mellon, which is one of the largest and most trusted custodian banks in the world.

It also helps that the reserves are fully segregated, which means they aren’t mixed with Ripple’s operational funds. That’s a key factor that adds to its credibility.

Regulation Moves in Ripple’s Favor

The timing is interesting. The same day RLUSD got its top rating, the GENIUS Act, a major U.S. law regulating stablecoins, was signed into law by President Donald Trump.

Team Ripple at the White House celebrating a historic day for crypto! Bummed I wasn't able to make it in person but celebrating from afar https://t.co/V5soaBgBnw

The new law requires that stablecoins be backed 1:1 with dollars or liquid assets like Treasury bills. It also mandates monthly disclosures, annual audits, and bans yield payments to stablecoin holders.

RLUSD already ticks most of those boxes. It operates under a New York Department of Financial Services Trust Charter, one of the toughest regulatory licenses in the US. 

In short, Ripple was ready before the rules even landed.

RLUSD Demand Pushes XRP Higher

The growth of RLUSD is also helping Ripple’s native token, XRP. Every RLUSD transaction involves a small XRP burn, reducing the token’s supply over time.

In the past 10 days, whales have picked up over 280 million XRP, showing growing confidence in the asset. RLUSD’s daily trading volume is averaging around $763 million, with a market cap nearing $600 million.

Ripple minted 25 million more RLUSD on July 23, adding to earlier batches from July 18 and 21, showing that demand is still climbing.

Chasing PYUSD? RLUSD Gains Speed

Right now, PayPal’s PYUSD has around $865 million in assets. RLUSD isn’t far behind and if momentum continues, it could flip PYUSD next.

With top-tier backing, clear regulatory support, and growing market interest, RLUSD is one to watch in the global stablecoin race.