Tag: RLUSD Stablecoin

  • Ripple Partners with BNY Mellon to Back RLUSD Stablecoin

    Ripple Partners with BNY Mellon to Back RLUSD Stablecoin

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    by

    Oscar

    Ripple has appointed the Bank of New York Mellon Corporation (BNY Mellon), a financial titan with over $43 trillion in assets under custody, as the primary custodian for its US dollar-backed stablecoin, RLUSD. The partnership was finalised on July 1 and publicly revealed on July 9, marking a major step in Ripple’s strategy to merge…