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BNY Mellon will have custody of Ripple's new stablecoin

· 2d · on MSN

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.

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

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

2d

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 ...

Cryptopolitan on MSN22h

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.

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