Ripple Selects $43 Trillions Asset Custodian for RLUSD Reserves

Description

Ripple recently announced that BNY Mellon, the world’s largest custodian with over $43 trillion in traditional assets under custody , has been selected as the primary reserves custodian for its newly launched RLUSD stablecoin . According to Ripple, RLUSD is an enterprise-grade, U.S. dollar-backed stablecoin developed to provide compliant and scalable utility in real-world financial operations. The stablecoin is designed to function across Ripple’s platforms and support institutional use cases, p...