Ripple USD Stablecoin Hits $1.64B Market Cap as Bitcoin Slips to $64,905 (-1.08%) 

The Ripple USD stablecoin is making headlines in June 2026. RLUSD’s live market cap currently stands at $1,646,321,619, with a circulating supply of 1,646,677,328 tokens and a 24-hour trading volume of $147,451,984. Meanwhile, Bitcoin is navigating rough terrain. On June 17, 2026, BTC traded at $65,829 as markets paused ahead of the FOMC interest rate decision, reflecting a period of capital consolidation after a brief geopolitical relief rally. The contrast is sharp: RLUSD gaining institutional traction while BTC absorbs macro pressure.

Ripple USD Stablecoin: Key Growth Metrics

RLUSD’s rise is built on a regulatory foundation and institutional demand. Built under the oversight of the New York State Department of Financial Services, RLUSD is designed for secure settlement capabilities while expanding the XRP Ledger ecosystem. The numbers tell the growth story clearly:

• Market cap: $1.646 billion (June 17, 2026)
• Circulating supply: 1,646,677,328 RLUSD
• 24-hour trading volume: $147.45 million
• Active trading markets: 95
• CoinMarketCap ranking: #43

RLUSD is natively issued on both the XRP Ledger and Ethereum blockchains, fully backed by a segregated reserve of cash and cash equivalents, and redeemable 1:1 for U.S. dollars. 

BNY Named Reserve Custodian: A Wall Street Signal

The biggest structural development for RLUSD came on June 16, 2026. BNY officially became the primary reserve custodian for Ripple’s RLUSD stablecoin, marking a major step in bridging traditional finance with blockchain infrastructure. BNY (NYSE: BK), one of the world’s largest custody banks, lends RLUSD institutional credibility that few stablecoins have achieved. The involvement signals growing demand for regulated stablecoins built to support enterprise payments, liquidity management, and global treasury operations. For the Ripple USD stablecoin, this is a landmark endorsement from legacy finance. 

Bitcoin Pressure: FOMC and Macro Headwinds

Bitcoin’s current dip runs deeper than one day’s move. During the final week of May 2026, U.S. spot Bitcoin ETFs recorded nearly $700 million in net outflows, coinciding with Bitcoin’s drop from above $75,000 to the low $70,000 region. Key pressure points weighing on BTC right now: 

• BTC all-time high: ~$126,200 (October 2025)
• Current BTC price: ~$65,829 (June 17, 2026)
• BTC market cap: ~$1.33 trillion
• ETF AUM decline: $104.29B → $94.17B (May 2026)
• BlackRock IBIT (NASDAQ: IBIT): Over $527M in single-day outflows recorded

Market participants are focused entirely on the FOMC decision, with a definitive policy outcome expected to determine whether Bitcoin advances toward a fresh local high or retreats to test lower support.

RLUSD vs. Bitcoin: Two Very Different Stories

The divergence between RLUSD and BTC on June 17, 2026 reflects a broader market shift. Institutional capital is flowing into regulated, dollar-backed instruments. RLUSD integrations such as Wormhole are connecting XRP-related liquidity with Ethereum’s DeFi ecosystem, enabling interoperability across networks and creating new opportunities in lending, trading, and liquidity markets.

Ripple USD stablecoin is carving a distinct path, one defined by compliance, custody, and cross-border utility, while Bitcoin navigates its most prolonged correction since 2022.

Disclaimer:

The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.