#DayTradingStrategy

Trusted Name for Stablecoin Security

BNY Mellon is not just any financial institution - it is one of the oldest and most respected banks in the United States, with trillions of dollars in assets under custody. By choosing BNY Mellon, Ripple signals its intention to build $RLUSD on a solid foundation of compliance and trust.

This partnership ensures that the USD backing $RLUSD will be securely held and transparently managed, a step likely aimed at appealing to institutional users, regulators, and retail investors seeking stability in an often volatile crypto space.

Strengthening Trust in Ripple's Stablecoin

Ripple's decision comes at a time when stablecoins are under increased scrutiny from global regulators. With BNY Mellon handling the reserves, Ripple can provide greater confidence that $RLUSD is properly backed and trustworthy.

This also strategically positions Ripple in the growing competition among stablecoins. The trust of a globally recognized bank like BNY Mellon differentiates Ripple from lesser-known issuers who may not have similar custodial partnerships.