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

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Story Highlights* Ripple has partnered with BNY Mellon to custody reserves for its stablecoin RLUSD.

  • RLUSD has surpassed $500 million in market cap just seven months after launch.
  • Ripple is expanding its institutional push with banking charter plans and support from Swiss bank AMINA.
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