#Ripple ($XRP ) has strengthened its RLUSD stablecoin strategy by appointing BNY as the official custodian of its reserves. This strategic alliance aims to cement the role of RLUSD in regulated financial infrastructure, offering a reliable option for institutional cross-border payments.

RLUSD, with a 1:1 parity with the US dollar, is backed by segregated reserves and prioritizes speed, efficiency, and regulatory compliance. With a circulation exceeding $501 million and approvals in New York and Dubai, Ripple positions RLUSD as a trustworthy tool for global transactions, transcending the retail stablecoin market.