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Ripple Taps BNY Mellon to Custody Stablecoin Reserves

BNY Mellon will have custody of Ripple's new stablecoin as institutional interest in crypto swells

The partnership should enhance regulatory compliance for Ripple, the issuer of ripple USD (RLUSD), and boost institutional credibility for the company as well as the fast-growing stablecoin industry.

The Currency Analytics · 23h

BNY Mellon to Custody Reserves for Ripple’s RLUSD Stablecoin

Ripple picks BNY Mellon to custody reserves for its RLUSD stablecoin, now over $500M in circulation, as it seeks a U.S. trust bank license.

Yahoo Finance · 2d

Ripple Taps BNY to Custody Stablecoin Reserves as RLUSD Surpasses $500M

The move follows Ripple's application for a national banking license and a Federal Reserve master account to further integrate with the U.S. financial system.

The Currency Analytics7h

Ripple CEO Predicts Stablecoin Market Could Hit $2 Trillion Within Years

Ripple CEO says stablecoins may hit $2T soon. RLUSD hits $500M, backed by BNY Mellon, as Ripple aims for full U.S. compliance ...

BeInCrypto4h

Ripple and Bank of New York Mellon announce partnership involving XRP custody, LET Mining provides cloud mining strategies for holders

Following Ripple’s announcement, LET Mining introduced a cloud mining feature tailored for XRP holders, enabling users to engage with the network and potentially earn passive rewards alongside their ...

The Daily Hodl1d

Ripple Partners With BNY Mellon As CEO Brad Garlinghouse Predicts ‘a Lot of Growth’ for Crypto Industry

Ripple has announced it will be working with banking giant BNY Mellon to custody its proprietary stablecoin, RLUSD.

Cryptopolitan on MSN8h

Ripple wraps up drought insurance pilot in Kenya, issues women RLUSD

Ripple concludes blockchain-based drought insurance pilot in Kenya, insuring 517 pastoralists using RLUSD stablecoin.

2don MSN

One early winner of the stablecoin craze is Alexander Hamilton's 241-year-old bank

The Bank of New York Mellon, a financial institution started in 1784 by an American founding father, is emerging as one of ...

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