XRP Surges as Global Bank Backs Ripple’s RLUSD Stablecoin

XRP is making headlines once again, thanks to a significant milestone reached by Ripple involving its RLUSD stablecoin. On July 2nd, Ripple’s RLUSD received a major endorsement as Switzerland-based AMINA Bank, a fully regulated financial institution, announced its integration of the stablecoin into its custody and trading offerings for institutional clients. This development caused RLUSD’s 24-hour trading volume to soar by 20%, reaching a staggering $60 million. Concurrently, its market capitalization climbed past the $469 million mark, signaling enhanced market confidence and growing adoption.

This achievement couldn’t come at a more strategic time for Ripple. Just prior to AMINA Bank’s move, Ripple officially submitted an application to the U.S. Office of the Comptroller of the Currency (OCC), aiming to acquire a federal banking charter. If approved, this license would enable Ripple to legally manage RLUSD reserves under federal laws, allowing smooth operations across all U.S. states without having to navigate individual state-level regulations.

The timing of this pursuit is crucial as the GENIUS Act, a new legislative framework for stablecoins, looms on the regulatory horizon. The proposed law introduces stringent requirements for stablecoin issuers, mandating that all tokens be backed by real-world assets and be subject to federal oversight. Ripple’s proactive step in applying for a national banking license not only puts it ahead of impending compliance needs but also places it in direct competition with big industry players like Circle and Fidelity, both of whom are also eyeing similar licenses.

AMINA Bank’s decision to launch institutional support for RLUSD marks a notable shift in traditional banking institutions’ attitude toward digital assets. Unlike decentralized stablecoins, RLUSD benefits from Ripple’s commitment to working closely with businesses and regulators. This integration bridges a gap between conventional financial institutions and the evolving digital economy. Although RLUSD remains behind leading stablecoins like USDT and USDC in terms of market cap, its volume-to-capitalization ratio stood at an impressive 8.85% over the past day, reflecting increased real-world utility and transaction momentum.

What makes this development particularly significant is the signal it sends to other financial institutions. Ripple’s bid to become a federally regulated bank could pave the way for more mainstream integration of tokenized cash, especially from firms demonstrating proactive compliance and strategic partnerships. As the demand for transparent and secure digital payment solutions climbs, RLUSD positions itself as a viable option for serious investors and banks alike.

If successful, Ripple’s federal charter could transform how the financial sector treats tokenized fiat currency. It would help streamline regulatory compliance, instill greater trust among institutions, and potentially set a new industry standard for stablecoin issuers. With early partnerships like AMINA Bank already in motion, Ripple is clearly making strategic strides to place RLUSD at the forefront of the next wave of financial innovation.

Related: Expert Advice: Sell XRP If You’re Confused

In the broader context, this is yet another example of how XRP and Ripple continue to disrupt traditional finance structures. By fostering regulatory clarity and forging meaningful global banking relationships, Ripple is not only strengthening its own ecosystem but also accelerating mainstream adoption of blockchain-backed financial services. RLUSD’s rise is a testament to that ambition, further solidifying XRP’s influential role in the evolving crypto landscape.