🚨 Ripple x BNY Mellon: Strategic Stablecoin Move 🚨

Ripple is set to custody its $500M RLUSD stablecoin reserves with BNY Mellon, one of the world’s oldest and most trusted financial institutions. 💼

🔍 Why it matters:

Signals serious institutional backing for RLUSD.

Enhances trust and transparency around Ripple's upcoming stablecoin.

BNY Mellon's entry into crypto custody is another bridge between TradFi & DeFi. 🌉

🔥 A bold step as Ripple positions RLUSD to compete with USDT and USDC in the growing stablecoin market.

#Ripple #RLUSD #BNYMellon #CryptoNews #Stablecoins #BinanceSquare