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Blockonomi
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Ripple Selects BNY Mellon as Custodian for RLUSD Stablecoin Reserves
- RLUSD will be backed 1:1 by liquid assets and operate under NYDFS oversight.
- BNY Mellon will handle custody and settlement for Ripple’s enterprise stablecoin.
- RLUSD is designed to serve institutional clients and cross-border payments.
- Partnership combines Ripple’s blockchain tools with BNY Mellon’s banking infrastructure.
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