Ripple Picks BNY Mellon to Back RLUSD Stablecoin Amid $500M Surge

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The post Ripple Picks BNY Mellon to Back RLUSD Stablecoin Amid $500M Surge appeared first on Coinpedia Fintech News Ripple’s stablecoin is getting a serious upgrade in trust and credibility now that Wall Street is officially involved. Ripple has announced that BNY Mellon , the oldest bank in the U.S., will act as the primary custodian for its U.S. dollar-backed stablecoin, Ripple USD (RLUSD). This means BNY Mellon will now hold the reserves that back RLUSD, marking a big moment not just for Ripp...