Ripple's RLUSD Strongly Rises as Bank of America Signals Shift to Stablecoin

The RLUSD stablecoin backed by Ripple, supported by America, is quickly drawing attention and could be at the center of Bank of America's ambitions to develop stablecoins. With the recent passage of the GENIUS Act, which provides regulatory clarity, this financial giant has confirmed it is exploring options in the stablecoin market. Industry experts currently believe that Ripple's RLUSD may be the most viable option for Bank of America due to its strong compliance framework and cross-chain capabilities. Speaking on July 16, 2025, Bank of America CEO Brian Moynihan stated that the bank has completed an important internal study on the launch of a stablecoin (stablecoin) pegged to the US dollar, supported by cash and short-term US Treasury bonds. However, he emphasized that the bank is waiting for clearer legal signals before making any definitive moves.

Although Moynihan did not directly name RLUSD, many in the cryptocurrency field, including investor Paul Barron, believe that RLUSD offers a readily available, compliant solution that is fully aligned with Bank of America's cautious risk stance. RLUSD, established in New York under the strict framework of the New York State Department of Financial Services (NYDFS), benefits from institutional-grade custodial services through BNY Mellon and supports both Ethereum and XRP Ledger. This interoperability makes RLUSD very suitable for multi-chain financial activities, and the market capitalization of RLUSD has increased by over 30% in the past month, now exceeding 500 million USD. The connection between Ripple and Bank of America is not new. The two entities have collaborated at least since 2019, with internal patents and pilot projects showing that Ripple's distributed ledger technology is being tested for interbank transactions. Notably, Bank of America is said to have handled internal transactions using XRP, highlighting this institution's long-standing interest in blockchain-based liquidity solutions, particularly in areas such as cross-border payments and real-time payments. The current integration of RLUSD with RippleNet, which is already connected to major banks like American Express and Banco Santander, provides Bank of America with a favorable roadmap towards a regulatory-compliant and scalable stablecoin solution. If U.S. banks adopt a common infrastructure for stablecoin transactions, RLUSD's first-mover advantage could provide this bank with a competitive edge. In addition, the common momentum of the industry also contributes to increasing urgency. JPMorgan is expanding its JPM Coin initiative, while Citigroup is considering issuing its own stablecoin and tokenized deposits. The passage of the GENIUS Act, which creates a clear legal framework for stablecoins, has become a catalyst for these developments, prompting organizations to strengthen their cryptocurrency strategies. In the context of Bank of America refining its approach, RLUSD stands out as a strong candidate, with regulatory clarity, technical maturity, and partnerships with institutions. If chosen, this could be a pivotal moment not only for Ripple but also for the entire stablecoin ecosystem of America. $XRP {spot}(XRPUSDT)