Ripple Selects BNY Mellon as Custodian for Its RLUSD Stablecoin

Ripple selected Bank of New York Mellon (BNY) to serve as the primary custodian for reserves backing its stablecoin, Ripple USD (RLUSD). It’s reported that over $500 million worth of RLUSD is currently in circulation. This is rather big news for Ripple since BNY brings top-tier safeguards, including holding both cash and Treasuries, managing incoming […] The post Ripple Selects BNY Mellon as Custodian for Its RLUSD Stablecoin appeared first on Coin Edition.