Ripple USD (RLUSD) partners with BNY Mellon, accelerating entry into traditional finance

Ripple has announced that Bank of New York Mellon will serve as the primary reserves custodian for its stablecoin Ripple USD (RLUSD), marking a major step toward enhanced transparency and regulatory compliance.

Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, stated that the partnership not only boosts trust in RLUSD but also signals a broader institutional shift toward stablecoins.

RLUSD is designed as an enterprise-grade stablecoin, fully backed by USD deposits, short-term Treasuries, and cash equivalents, with oversight by BNY Mellon, which manages over $47 trillion in assets.

Ripple aims to position RLUSD as a standout stablecoin amid tightening global regulations, thanks to its focus on compliance and transparency — key traits for institutional adoption.

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