<ul data-eligibleForWebStory="false"><li>The Bank of New York Mellon Corporation (BNY Mellon) has been chosen to be the custodian for Ripple's RLUSD stablecoin.</li><li>RLUSD was launched at the end of last year and is pegged to the US dollar at a 1:1 ratio, focusing on enterprise utility for cross-border payments.</li><li>BNY Mellon has a history of involvement in the cryptocurrency market and will also provide transaction banking services to Ripple.</li><li>This collaboration aims to bridge the gap between traditional finance and cryptocurrencies, targeting institutional-scale digital asset adoption.</li></ul>

Ripple Taps The Oldest US Bank to Custody RLUSD

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