Ripple’s Digital Token Hits $500M—Wall Street Is All In!

We dive deep into Ripple’s groundbreaking partnership with Bank of New York Mellon as the primary custodian for its RLUSD stablecoin reserves. What does this mean for Ripple, XRP, and the future of digital finance? We break down the significance of RLUSD, explain what it means to have a “primary custodian,” and explore how this collaboration could reshape the stablecoin landscape and institutional trust in crypto. Sources: • CNBC: BNY Mellon will have custody of Ripple's new stablecoin XRP rises after Ripple selects BNY Mellon as custodian of new stablecoin (video) • CryptoSlate: Ripple appoints BNY Mellon as custodian for RLUSD reserves as supply tops $500M • American Banker: BNY to take over custody of Ripple's stablecoin reserves • Mitrade News: Ripple taps BNY Mellon, $50 trillion asset manager, for RLUSD custody • Cointribune: XRP Jumps 12% After Major Ripple Partnership Reveal • TradingView News: Ripple President Breaks Silence on BNY Deal While XRP Price Skyrockets • LinkedIn News: Ripple, BNY Mellon make crypto pact • Brave New Coin: XRP Price Tests $2.40 While Ripple Secures BNY Mellon as RLUSD Custodian 🔔 Don’t forget to subscribe for more insightful content on the future of money and blockchain technology!