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Ripple Picks BNY Mellon as Stablecoin Custodian for $500M RLUSD

DecrptJul 9, 2025

BNY Mellon will serve as the primary custodian for Ripple Labs' $RLUSD, a stablecoin designed for enterprise utility. With a market capitalization of $500 million, $RLUSD is smaller than USDT and USDC, but the partnership reflects a positive shift in the industry.

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Ripple Picks BNY Mellon as Stablecoin Custodian for $500M RLUSD

DecrptJul 9, 2025

BNY Mellon will serve as the primary custodian for Ripple Labs' RLUSD, a stablecoin designed for enterprise utility. With a market capitalization of $500 million, RLUSD is smaller than USDT and USDC, but the partnership reflects a positive shift in the industry.

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