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Ripple Expands RLUSD Strategy With Major Bank Partner

  • 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.

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