Ripple’s RLUSD Gains Traction Amid Bank of America’s Interest

Ripple’s RLUSD stablecoin gains attention as Bank of America explores launching a U.S. dollar-pegged stablecoin backed by cash and short-term Treasuries, announced by CEO Brian Moynihan on July 16, 2025.

This exploration marks significant interest from major banks in the stablecoin sector, with RLUSD’s market cap growth highlighting potential shifts in financial infrastructure.

Nut Graph: Bank of America’s leadership, led by CEO Brian Moynihan, underscores the exploratory phase, with a focus on a U.S. dollar-pegged stablecoin backed by cash and short-term U.S. Treasuries.

Market Dynamics

The lack of official Ripple statements points to a bank-driven narrative. The XRP community, however, speculates Ripple’s involvement, causing a stir in social media discussions. Market implications are notable, with RLUSD’s market cap surging over 30% recently, now exceeding $500 million, indicating significant traction despite a lack of official confirmation from stakeholders.

Regulatory and Financial Implications

The GENIUS Act provides some clarity, enabling greater exploration of stablecoins within the regulatory framework. Both technological and regulatory challenges remain, prompting market observation. Potential outcomes include enhanced regulatory frameworks influencing future stablecoin projects. Historical precedents from other banks signal growing interest, potentially impacting broader financial ecosystems. The Bank of America has completed an important internal study on launching a stablecoin pegged to the U.S. dollar, backed by cash and short-term U.S. Treasury bonds. However, Brian Moynihan emphasized that the bank is awaiting clearer regulatory signals before making any definitive moves.

Community Reactions

A statement on X/Twitter highlights, “Bank of America will use @Ripple’s stablecoin $RLUSD! #XRP will bridge every $RLUSD transaction.” https://twitter.com/solidintel_x/status/1948385997999227306