- RLUSD has grown over 30% in value and surpassed $500 million, driven by strong compliance and multi-chain compatibility.
- Bank of America has used Ripple’s technology since 2019 for cross-border settlements and liquidity management research.
- The GENIUS Act establishes regulatory support, increasing confidence in compliant stablecoin offerings like RLUSD for institutional use.
Bank of America is advancing its research into digital dollar solutions. CEO Brian Moynihan confirmed on July 16, 2025, that the bank is considering stablecoins backed by U.S. dollars and short-term Treasury securities. However, any official move remains on hold pending regulatory clarity. This comes shortly after the signing of the GENIUS Act, which outlines the national regulatory framework for stablecoins in the U.S.
Ripple’s RLUSD has emerged as a potential contender in Bank of America’s digital asset planning. Launched under the strict oversight of the New York Department of Financial Services, RLUSD aligns with the compliance-first approach favored by traditional banks. Industry sources suggest RLUSD’s structure, combined with institutional custody support through BNY Mellon, positions it strongly in upcoming bank-led digital initiatives.
Growing Market Confidence in RLUSD
RLUSD has seen a 30% increase in market value over the past month and recently exceeded $500 million in circulation. Being dual-compatible and working in connection with both the XRP ledger and Ethereum, it can work in the environment of various blockchain platforms. These qualities enable the institutions to secure flexibility and security with adherence to the U.S. financial regulation.
Bank of America has maintained a longstanding relationship with Ripple since 2019. Internal documentation and patents have referenced Ripple’s distributed ledger technology for internal transactions and settlement systems. Reports also indicate that the bank has tested XRP for liquidity management and cross-border transaction efficiency.
Regulatory Momentum Favors RLUSD Adoption
With the GENIUS Act now in effect, Bank of America is realigning its strategy to ensure it remains within regulatory bounds while exploring stablecoin opportunities. RLUSD’s integration into Ripple’s global payment infrastructure, which includes links with firms such as American Express and Banco Santander, adds to its institutional credibility.
Besides Bank of America, other U.S. banking giants are expanding their stablecoin and tokenized asset services. JPMorgan continues to grow its JPM Coin platform, and Citigroup is preparing token-based financial products.
