Why Ripple’s U.S. Trust License Bid is a Massive Game-Changer for Its Stablecoin Ambitions

Ripple’s RLUSD Stablecoin Hits $500M Market Cap in 7 Months

Ripple’s RLUSD stablecoin hits $500M market cap in 7 months, ranking top 20 globally. RLUSD achieves $26M daily trading volume, backed by cash, equivalents, and treasuries. Ripple eyes national bank charter as RLUSD gains traction on XRP Ledger and Ethereum. Ripple’s U.S. dollar-pegged stablecoin, RLUSD, has reached a significant milestone. Within just seven months of its launch in December 2024, RLUSD’s circulating supply has exceeded $500 mill…

Why Ripple’s U.S. Trust License Bid is a Massive Game-Changer for Its Stablecoin Ambitions

Ripple Labs is making a regulatory push that could reshape its stablecoin strategy. Ripple officially confirmed it had applied for a U.S. trust charter from the New York Department of Financial Services (NYDFS), a move that positions the firm to operate as a limited-purpose trust company. The application aligns with Ripple’s larger ambition to enter the stablecoin market through a fully compliant and transparent framework. If approved, the licen…