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Ripple Pushes RLUSD Into Corporate Treasuries

Regulatory approvals, BNY Mellon custody, multi‑chain rollouts, planned MiCA dual‑issuance aim to make RLUSD usable for corporate payments and settlement

Overview

  • Ripple is embedding its dollar stablecoin RLUSD into Ripple Treasury—a platform gained via the GTreasury buyout—to reach roughly 1,200 corporate treasurers who together process about $13 trillion in annual transactions.
  • RLUSD’s circulating supply has climbed to roughly $2.4 billion and on‑chain daily activity has risen to about $750 million, signaling growing use for payments, settlement and capital‑markets operations.
  • The company has broadened RLUSD beyond the XRP Ledger and Ethereum to networks including Base, Ink, Optimism and Unichain, using cross‑chain standards to move tokens between chains.
  • Regulatory and custody steps are in place: RLUSD holds NYDFS and DFSA authorizations, reserves are custodied at BNY Mellon with monthly attestations, and Ripple is pursuing a MiCA‑compliant dual‑issuance to enter Europe subject to final approvals.
  • If corporate treasurers adopt RLUSD for liquidity management, settlement and collateral, Ripple could shift real‑world treasury flows onto blockchain rails and change how large companies move cash across subsidiaries and borders.