<ul data-eligibleForWebStory="false"><li>Ripple has chosen BNY Mellon as the primary custodian for the reserves backing Ripple USD (RLUSD), an enterprise-focused stablecoin.</li><li>The partnership aims to establish compliant digital asset infrastructure tailored for financial institutions, with RLUSD issued under a New York Department of Financial Services Trust Company Charter.</li><li>RLUSD is positioned for institutional use to enhance cross-border payments' speed, cost, and efficiency, distinguishing it from retail-based stablecoins.</li><li>BNY Mellon will handle the reserves and support RLUSD operations with its transaction banking services, leveraging its expertise in stablecoin infrastructure.</li></ul>

BNY Mellon to Serve as Custodian for Ripple’s RLUSD Stablecoin Reserves

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