Ripple BNY Mellon Partnership

News

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 · 22h

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.

AMBCrypto · 12h

Ripple taps BNY to custody stablecoin reserves as RLUSD surpasses $500M

In Q3 so far, RLUSD’s market cap has doubled, with it kicking off July at a record $500 million. With institutional-grade custody now in place, Ripple is clearly positioning RLUSD for deeper integration into TradFi rails.

BeInCrypto2h

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 Currency Analytics5h

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 ...

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.

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