Ripple Taps BNY Mellon to Custody Stablecoin Reserves as RLUSD Surpasses $500M

coindesk.com/business/2025/07/09/ripple-taps-bny-mellon-to-custody-stablecoin-reserves-as-rlusd-surpasses-usd500m

Ripple, the payments-focused digital asset firm, on Wednesday, named banking giant BNY Mellon as the primary custodian of reserve assets backing its U.S. dollar stablecoin Ripple USD (RLUSD).
BNY Mellon, one of the oldest and largest custody banks in the world overseeing $53 trillion of…

This story appeared on coindesk.com, 2025-07-09 11:00:00.
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