🚨 BREAKING: Ripple Taps BNY Mellon as RLUSD Custodian! 🚨
🔥 RLUSD Hits $500M Market Cap in Just 7 Months!
Ripple just dropped a bombshell 💣 — they've partnered with BNY Mellon, one of the world’s largest custodians managing over $2 TRILLION in assets! 🏦
👑 BNY Mellon will serve as the primary custodian for RLUSD reserves, giving Ripple’s stablecoin massive institutional credibility and pushing it deeper into regulated financial territory.
🔒 RLUSD is backed 1:1 by high-quality liquid assets (cash, equivalents & short-term U.S. treasuries) and is issued under the strict NYDFS Trust Company Charter ✅
💼 Unlike retail-focused stablecoins, RLUSD is built for serious utility:
Cross-border payments 🌍
Real-time treasury management 💰
Institutional-grade compliance 🏛️
🧠 Ripple SVP Jack McDonald said this fills a critical need for compliant, trusted stablecoins.
BNY Mellon’s Emily Portney added: “We're shaping the future of digital asset infrastructure.” ⚙️
📈 RLUSD is now:
Available on $XRP Ledger & $ETH 🔗
Among Top 20 global stablecoins 🌐
Doing ~$26M in daily volume 🚀
🧩 And there’s more: Ripple is chasing a national trust bank charter from the U.S. OCC—just like Circle. If approved, expect RLUSD to explode in adoption. 💥
🛒 With Amazon, Walmart, and Uber reportedly exploring stablecoins during this “Stablecoin Summer,” RLUSD might just be the next breakout.
👀 Watch this space. The future of stablecoins is being built — and Ripple is leading the charge. 💼📊
