Ripple’s RLUSD Goes Big: BNY Mellon Onboarded as Reserve Partner Amid $500M Explosion

Ripple just pulled a power move—BNY Mellon, the 238-year-old financial dinosaur, is now safeguarding RLUSD reserves. Guess even legacy banks want a slice of the crypto pie.

The $500 million surge? That's not just growth—that's a middle finger to the 'stablecoins are boring' crowd. Suddenly every Wall Street suit is paying attention.

Here's the kicker: while traditional finance still debates blockchain, Ripple's out here building the rails. Slow clap for the old guard playing catch-up.

TLDR

• Ripple has crossed the $500 million mark in circulating supply for its stablecoin RLUSD.
• BNY Mellon has been appointed to custody Ripple’s RLUSD reserve to enhance institutional asset security.
• RLUSD has entered the top 20 stablecoins by market capitalization within just seven months of its launch.
• AMINA Bank became the first regulated financial institution to offer custody and trading services for RLUSD.
• Ripple has partnered with OpenPayd to expand RLUSD’s utility in cross-border payments.

Ripple has officially reached the $500 million mark in circulation for its USD stablecoin RLUSD, launched just seven months ago. The asset’s supply reached 501.24 million tokens. In an announcement, Ripple will now custody the stablecoin reserve with BNY Mellon to enhance institutional-grade asset security.

Ripple has selected @BNYglobal as the primary reserves custodian for $RLUSD, an enterprise-grade stablecoin built for real-world utility, supported by one of the largest and most trusted financial services companies in the world. https://t.co/T2ZWkvb9cL

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— Ripple (@Ripple) July 9, 2025

This development comes after RLUSD posted a 3.28% rise in market capitalization, now valued at $501.21 million. Ripple continues expanding the stablecoin’s footprint by forming partnerships and enabling broader adoption. This custody move with BNY Mellon signals Ripple’s intent to matchthe compliance standards of leading industry players.

RLUSD now ranks among the top 20 stablecoins globally, indicating rapid user uptake and sustained growth. Ripple has prioritized building trust in RLUSD by ensuring regulation-friendly practices. The addition of a traditional banking custodian further strengthens the coin’s credibility within the broader market.

RLUSD Surpasses $500 Million Mark Amid Strong Institutional Interest

Ripple’s RLUSD has exceeded a $500 million circulating supply as institutional adoption accelerates. The milestone comes less than a week after market analysts projected the possibility of such a breakthrough. RLUSD saw heightened trading activity, pushing its market cap past the $500 million mark.

The dollar-pegged stablecoin benefited from increased support after AMINA Bank integrated the asset into its custody and trading services. Ripple gained momentum from the Swiss bank’s endorsement, which improved visibility and trust. The MOVE triggered a 20% surge in transaction volume, further driving demand.

Ripple has remained committed to building RLUSD’s presence across regulated financial environments. The strategic custody partnership with BNY Mellon is expected to support this initiative. The decision aligns with Ripple’s long-term vision for the stablecoin in global markets.

Ripple Builds Utility Through Expansion and Strategic Alliances

Ripple has strengthened RLUSD’s use case by collaborating with OpenPayd to expand payment functionalities. The partnership allows Ripple to offer a scalable cross-border payment infrastructure using stablecoin, which is expected to bring RLUSD into new transaction corridors.

Ripple is also positioned to benefit from upcoming regulation, particularly the GENIUS Act in the United States. The act proposes a national framework for stablecoins, which supports Ripple’s compliance objectives. This development enhances Ripple’s ability to position RLUSD alongside USDT and USDC.