RLUSD, a stablecoin under Ripple, has entered the top ten stablecoins: the strategic maneuvers behind its 500 million USD market capitalization.

As XRP continues to struggle to reignite market FOMO sentiment, Ripple's stablecoin RLUSD has quietly climbed into the top ten of the stablecoin market capitalization rankings. Recently, its market capitalization even reached a historic high (ATH) of $500 million. This means that RLUSD, which is fully pegged to the US dollar at a 1:1 ratio, currently has a Circulating Supply of 500 million coins. Although its scale still lags far behind giants like USDT and USDC, analysis by AMBCrypto suggests that this kind of growth reflects deep strategic positioning, rather than simple market noise.

Major Collaboration and Regulatory Breakthrough: The Compliance Advancement of RLUSD

This week can be called a key turning point for Ripple to deepen its layout in traditional finance (TradFi):

1. Bank License Application: Ripple has applied for a banking license in the US. This move is significant, and if approved, it will enable Ripple to directly hold reserves of RLUSD with the Federal Reserve (Fed). The core goal is clear: to develop RLUSD into a stablecoin that not only serves the native crypto scene but also possesses clear regulatory compliance.
2. Partnering with Financial Giant BNY Mellon: To strengthen the foundation of trust, Ripple has partnered with one of the world's largest and oldest custodian banks—BNY Mellon. This bank manages over $45 trillion in assets. This is another strategic move by Ripple to deeply anchor RLUSD in regulated financial infrastructure.
3. Regulatory Environment and Growth Momentum: With the advancement of the GENIUS Act in Congress, the U.S. regulatory focus on stablecoins is continuously strengthening. Stablecoins are gradually being seen as a potential challenge to the dollar system due to their increasingly expanding use cases. Ripple not only aims to make RLUSD a leader in digital finance but is also committed to ensuring its "Plays by the Rules from Day One" compliance, laying the groundwork for long-term legitimacy and scale expansion.

Q3 market capitalization doubles: Institutional-grade custody empowers TradFi channels

With strong cooperation backing, the rise momentum of RLUSD is significant:

• Since entering the third quarter, its market capitalization has doubled.
• At the beginning of July, the market capitalization broke through the 500 million USD mark in one go, setting a historical record.
• With the implementation of institutional-grade custody solutions (i.e., BNY Mellon), Ripple is clearly positioning RLUSD as a stable tool deeply integrated into traditional financial channels (TradFi Rails).

Real-world scenarios taking shape: Aviation giants testing crypto payments

A strong signal for the "next phase of evolution in digital finance" comes from the aviation sector: the flagship Gulf airline Emirates Airlines has signed a Memorandum of Understanding (MoU) with a trading platform, planning to integrate its payment services into its system.

• The collaboration is scheduled for release in 2026 and aims to support passengers in using cryptocurrency for direct payment of ticket booking fees.
• Although Emirates Airlines has not confirmed whether it supports RLUSD, this move undoubtedly indicates that the real-world use cases (Real-World Use Cases) of cryptocurrency are accelerating.

Ripple's Dual-Track Strategy: XRP Surge + RLUSD Stability

In response to industry dynamics, Ripple acted swiftly:

• Stimulated by positive news such as the cooperation with Emirates Airlines, XRP price has broken free from several weeks of sideways consolidation and is strongly attacking the key supply zone $2.50.
• Clearly, the collaboration with BNY Mellon is far from a publicity stunt; it is a substantive move by Ripple to solidify its foundation. The RLUSD surpassing a market capitalization of 500 million USD is proof that this strategy is beginning to bear fruit.

By skillfully balancing the speculative momentum of XRP with the stability of RLUSD, Ripple is making every effort to position itself at the forefront of the next major transformation in digital finance. RLUSD, the "Sleeper Contender" in the stablecoin arena, is a rise worth continuous attention.