Ripple Picks BNY Mellon to Back RLUSD Stablecoin Amid $500M Surge

  • Ripple's stablecoin is getting a serious upgrade in trust and credibility now that Wall Street is officially involved. Ripple has announced that BNY Mellon, the oldest bank in the U.S., will act as the primary custodian for its U.S. dollar-backed stablecoin, Ripple USD (RLUSD).