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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 selects BNY to custody Ripple USD reserves

Ripple USD (RLUSD) is a trusted, enterprise-grade stablecoin designed with regulatory compliance, utility, and transparency at its core. It is issued under a New York Department of Financial Services (NYDFS) Trust Company Charter.

Yahoo Finance · 1d

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.

1mon MSN

Ripple CEO makes surprising trillion-dollar prediction on stablecoins

Ripple itself launched RLUSD in December 2024. With a market cap of $501 million, RLUSD doesn't account for even 1% of the ...

The Daily Hodl22h

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.

1don 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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