logo

New York Mellon Bank will provide dollar reserve custody services for Ripple's stablecoin RLUSD.

By: theblockbeats.news|2025/07/09 13:16:55

BlockBeats News, July 9th, according to The Block, Ripple announced on Wednesday that it has selected BNY Mellon to custody the U.S. dollar cash and U.S. Treasury bond reserves for its stablecoin RLUSD, with RLUSD's circulation surpassing $500 million.

As one of the largest custodian banks in the United States with assets under management of approximately $52 trillion, BNY Mellon will securely custody the reserve assets for RLUSD and assist in liquidity management. This move aims to ensure RLUSD holders can redeem dollars on a 1:1 basis, with the redemption mechanism following regulatory standards similar to traditional money market funds.

BNY Mellon established a dedicated digital asset unit in 2021 and officially began offering services to institutional-grade crypto clients in 2022.

WEEX se roba el Show en BlockchainRIO 2025

Te puede gustar

Compartir
copy

Ganadores

Últimas noticias cripto

03:21

El republicano respaldado por Trump gana por poco Tennessee, Midterm Election Outlook Dim

02:57

La cofundadora de Kalshi, Lopes Lara, se convierte en la multimillonaria femenina más joven del mundo

02:55

Índice de Miedo y Avaricia de Criptomonedas Rebota a 28, Saliendo del Rango de "Miedo Extremo"

02:53

Los rendimientos de JGB suben mientras el mercado se centra en los datos económicos de esta semana

02:51

NewGen: Hasta el 28 de noviembre, ha comprado 13,000.23 SOL

Leer más
Comunidad
icon
icon
icon
icon
icon
icon
icon
icon

Atención al cliente@weikecs

Cooperación empresarial@weikecs

Trading cuantitativo y CM[email protected]

Servicios VIP[email protected]