Ripple has entered into a partnership with Bank of New York Mellon (BNY Mellon), appointing the institution as the primary custodian for the reserves backing its RLUSD stablecoin. The collaboration leverages BNY Mellon’s extensive banking infrastructure and regulatory expertise, aiming… Read More »BNY Mellon Named Primary Custodian for Ripple’s RLUSD Stablecoin Reserves
Ripple CEO Brad Garlinghouse has detailed the company’s strategic integration of XRP and its RLUSD stablecoin within global payment infrastructures, emphasizing solutions for cross-border transactions. The RLUSD stablecoin recently exceeded $500 million in market capitalization, signaling early market confidence amid… Read More »Ripple CEO Unveils Dual-Token Strategy for Cross-Border Payments as RLUSD Tops $500M Market Cap
Ripple has officially designated banking giant BNY Mellon as the custodian for reserves backing its RLUSD stablecoin. The partnership coincides with RLUSD exceeding $500 million in circulation, positioning the collaboration as a strategic move to enhance the stablecoin’s liquidity and… Read More »Ripple Appoints BNY Mellon as RLUSD Reserve Custodian to Boost Stablecoin Credibility