Ripple’s new stablecoin, RLUSD, is getting a lot of attention as a top choice for Bank of America’s (BofA) stablecoin plans. This is due primarily to RLUSD having strong legal support and a growing user base. It also adheres to the strict rules that major banks and financial companies must comply with. A recent statement from a top leader at Bank of America has sparked further interest. It suggests that the bank may be looking closely at RLUSD for its stablecoin launch. Bank of America Shows Interest in Stablecoins On July 16, 2025, Bank of America’s CEO, Brian Moynihan, announced that the bank is exploring stablecoins. He acknowledged that the bank has done deep internal research ; however, it is waiting for clearer laws before launching any product. The proposed stablecoin would be backed by the U.S. dollar, with reserves held in cash and short-term U.S. Treasury securities. Though Moynihan did not confirm a specific plan, he also did not rule out creating a brand-new stablecoin. However, many experts believe that Bank of America might choose Ripple’s XRP instead of creating its digital coin. Crypto analyst Paul Barron states that RLUSD already has a strong foundation and meets high compliance standards. The crypto asset is registered under New York’s strict financial laws (NYDFS) and works with BNY Mellon for secure custody. RLUSD works on both the XRP Ledger (XRPL) and the Ethereum blockchain. Its value has increased by over 30% in the past month and has now surpassed $500 million in total market size. Ripple’s RLUSD Fits BofA’s Stablecoin Plans Bank of America has been connected to Ripple since 2019. Some internal documents and patents referenced Ripple’s technology, mainly its role in cross-border payments. Reports also indicate that the bank has once tested XRP for real-world payments. These efforts indicate a broader shift toward utilizing blockchain for enhanced liquidity and faster settlement. RLUSD is built with a “compliance-first” approach. This is particularly important for large banks that are subject to strict regulations. Its strong legal structure makes it a good fit as banks respond to newly established laws like the GENIUS Act . In compliance with the new rules, banks like Bank of America are adjusting their plans to adhere to them. Ripple’s payment network already works with big names like American Express and Banco Santander. This indicates that RLUSD is trusted by major banks worldwide. Other Banks Also Move Toward Stablecoins Bank of America is not the only one in the stablecoin push. JPMorgan has confirmed that it is expanding the use of its stablecoin, JPM Coin. Citigroup is also working on its digital dollar. It is looking into tokenized deposits and crypto custody services. Even so, some experts believe a shared and approved stablecoin like RLUSD could help bring more trust and teamwork to the banking world. The post Ripple’s RLUSD Emerges as Top Stablecoin Choice for Bank of America appeared first on TheCoinrise.com .
