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BNY Mellon will have custody of Ripple's new stablecoin

CNBC on MSN · 1d

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.

Ripple Chooses BNY for Stablecoin Custodian as RLUSD Reaches $500 Million

Ripple’s CEO said the tie-up with BNY Mellon represents how regulatory headwinds are no longer a reality for the XRP-linked firm.

FintechNewsSG · 6h

BNY Mellon to Serve as Custodian for Ripple’s RLUSD Stablecoin Reserves

Ripple has named BNY Mellon as the primary custodian for the reserves backing Ripple USD (RLUSD), its enterprise-focused stablecoin.

8h

Many see stablecoins soaring to $2T in ‘handful’ of years: Ripple CEO

Ripple’s Brad Garlinghouse says there's belief that stablecoins could explode to $2 trillion while the firm’s RLUSD reaches ...

The Daily Hodl17h

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.

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