BNY Mellon to provide USD reserve custody services for Ripple’s stablecoin RLUSD
5 hours ago
Odaily News Ripple announced on Wednesday that it has selected Bank of New York Mellon to hold the U.S. dollar cash and U.S. Treasury reserves of its stablecoin RLUSD, with the circulation of RLUSD exceeding $500 million. As one of the largest custodian banks in the United States, Bank of New York Mellon manages approximately $52 trillion in total assets and will provide secure custody for RLUSD's reserve assets and assist in liquidity management. The move aims to ensure that RLUSD holders can redeem U.S. dollars at a 1:1 ratio, and the exchange mechanism follows the same regulatory standards as traditional money market funds. Bank of New York Mellon established a dedicated digital asset department in 2021 and officially opened its services to institutional-level crypto clients in 2022. (The Block)
最热快讯
资讯热榜
日榜
周榜
Piper Sandler: Trump is right to ask the Fed to cut interest rates
Cyvers Alerts: Multiple suspicious transactions detected in ZKSpace, official X account has been frozen
pump.fun founder: PUMP tokens will empower creators to control finances and will explore potential acquisition transactions
Trump's second son Eric Trump: Trump does not own a Bitcoin mining company
Trump imposes 20% tariffs on Philippines, 25% on Brunei
Binance Finance, One-Click Coin Purchase, Flash Exchange, and Leverage will be launched on Lagrange (LA)