Ripple’s RLUSD Stablecoin Gains Recognition, Ranks Above USDT and USDC

Paul
July 19, 2025
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
An image to describe the RLUSD stablecoin vs Tether

Highlights

  • According to Bluechip, Ripple’s RLUSD stablecoin has higher trust compared to USDC and USDT.
  • The RLUSD attains rating A because of the BNY Mellon custody and transparent reserves.
  • The RLUSD stablecoin is still behind USDT and USDC in terms of market cap.

Bluechip has awarded Ripple’s RLUSD stablecoin an A rating, citing its robust compliance system and secure reserves custody with BNY Mellon. This rating solidifies RLUSD’s position as one of the most trusted stablecoins in the market, thanks to its institutional-grade minting capabilities.

Advertisement
Advertisement

Bluechip Rates RLUSD Stablecoin as Industry Benchmark

According to Bluechip, RLUSD is now the number one-ranked stablecoin. This comes as the rating agency confirmed that it is beginning official coverage of Ripple’s stablecoin. It described the stablecoin as the new benchmark for trust and compliance in the industry. The ranking highlights the growing strength of Ripple’s stablecoin strategy, especially among institutional users.

According to the rating agency’s X post, a key factor in RLUSD’s rating is its reserve structure. The Bank of New York Mellon keeps RLUSD stablecoin reserves, being the largest custodian of financial securities worldwide, with $43 trillion in assets under custody.

Bluechip emphasized that this structure provides strong protection for token holders, setting RLUSD apart from other stablecoins. The stablecoin is among the first prominent ones to enter the European market via Ripple’s registration in Luxembourg.

Meanwhile, it is worth noting that despite Bluechip’s ranking, which puts RLUSD as number one, USDT and USDC still have a way higher market cap than Ripple’s stablecoin. CoinMarketCap data shows that USDT has a market cap of just over $160 billion, USDC has a market cap of $64.5 billion, while RLUSD boasts a market cap of $517 million.

Advertisement
Advertisement

Ripple Acknowledges Recognition 

In response to Bluechip’s new rankings, Ripple stated in an X post that the RLUSD stablecoin is built specifically for enterprise use. It focuses on compliance, global scale, and robust security.

Ripple also said the stablecoin is designed to meet the growing demand for reliable blockchain settlement tools among large corporations. Ripple thanked the agency for the recognition. It described the rating as an acknowledgment of its stablecoin as the market’s most trusted one.

Analysts see this as a sign that Ripple is gaining ground in the stablecoin market once dominated by USDC and USDT. This development follows a recent clarification by John Deaton.

Deaton stated that Ripple’s RLUSD stablecoin is a more direct competitor with the USDC stablecoin than XRP. In addition, RLUSD stablecoin operation eliminates any transparency concerns, directly by publicizing its reserve holdings and custodian relationships.

Advertisement
coingape google news coingape google news
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Paul Adedoyin is a crypto journalist with 4+ years experience who provides timely news, in-depth research, and insightful content to inform and empower his audience. His works have been featured on sites such as CryptoMode, CryptoNewsFlash among others. He holds a degree in Geophysics from OAU, Nigeria. When he's not writing, he loves watching soccer and reading educative journals. He can be reached via [email protected]
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.