<ul data-eligibleForWebStory="false"><li>Ripple has chosen BNY Mellon to hold the reserves for its stablecoin RLUSD, aiming to ensure its security and reliability.</li><li>The partnership with BNY Mellon increases confidence in Ripple's stablecoin among large financial institutions and boosts trust in RLUSD.</li><li>RLUSD is designed for businesses and large institutions, targeting cross-border payments to make them faster, more cost-effective, and efficient.</li><li>BNY Mellon's collaboration with Ripple goes beyond holding RLUSD reserves and includes assisting in transaction banking services to bridge traditional banking with digital money.</li></ul>

Ripple Picks BNY Mellon to Hold RLUSD Stablecoin Reserves

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