RIPPLE TAPS BNY MELLON TO CUSTODY RLUSD RESERVES

Summary from the TLDR Crypto newsletter

Ripple has appointed BNY Mellon as the primary custodian for RLUSD reserves, reinforcing its push to scale institutional stablecoin adoption. RLUSD, issued under a NYDFS Trust Charter, is designed for enterprise use in cross-border payments and is backed 1:1 with high-quality liquid assets. BNY will also provide Ripple with transaction banking services, signaling deepening ties between traditional finance and regulated digital asset infrastructure.