🚨 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