Ripple announced on July 9 a partnership with BNY to oversee RLUSD's cash reserves and support operational functions.
BNY's integrated banking solutions aim to enhance RLUSD's credibility among institutional users, strengthening its role in cross-border payments.
RLUSD, pegged 1:1 to the U.S. dollar, prioritizes speed, cost efficiency, and regulatory compliance, meeting the needs of enterprise clients.
Ripple's strategic partnerships with banks like BNY and AMINA Bank, along with regulatory approvals, are driving RLUSD's adoption as a trusted stablecoin for global transactions.