Ripple has decided to entrust the reserves of its stablecoin RLUSD with BNY Mellon, the world's largest custodian bank, raising a new topic in the cryptocurrency industry. With RLUSD's circulating supply surpassing $500 million (approximately 69.5 billion won), this partnership is seen as a significant turning point for Ripple in expanding its payment and stablecoin business.
The key figure who triggered this news is Hunter Horsley, CEO of Bitwise. He drew attention by posting on X (formerly Twitter), "In 12 months, people might start calling Ripple an XRP reserve company." While some interpret this as a bold outlook on Ripple's future, others draw a line, calling it an exaggerated interpretation.
Horsley delivered a similar message in a recent CNBC interview. He predicted that 2025 would be a critical turning point for the US cryptocurrency industry, emphasizing that regulatory uncertainty is decreasing. He particularly noted that Congress, regulatory agencies, and even the White House are gradually showing an open attitude towards digital assets, comparing it to the era when iPhones entered workplace culture.
He forecast that Bitcoin (BTC), XRP, and other major cryptocurrencies will spread beyond exchanges into mainstream business settings. This prediction aligns with Ripple's recent moves. In fact, Ripple is being evaluated as transforming from a mere payment solution provider to a financial infrastructure company.
However, Horsley previously expressed a different stance on the US cryptocurrency national reserve plan announced by President Trump in March. While the plan was to include major cryptocurrencies like Bitcoin, Ethereum (ETH), Solana (SOL), Cardano (ADA), and XRP, he argued that a Bitcoin-centric strategy would be more suitable.
Industry experts unanimously state that Ripple's decision to entrust stablecoin reserves and Horsley's remarks could mark the point where cryptocurrencies become established as financial system infrastructure. This suggests that the cryptocurrency industry is approaching a moment of fully entering corporate and government tables, breaking through regulations.
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