BTCC
/
BTCC Square
/
Coindesk
/
Ripple’s RLUSD Stablecoin Hits $500M Milestone as BNY Mellon Joins as Custodian
Ripple’s RLUSD Stablecoin Hits $500M Milestone as BNY Mellon Joins as Custodian
8
1
Ripple just pulled off a power move—teaming up with banking giant BNY Mellon to safeguard reserves for its RLUSD stablecoin. And guess what? The token just blasted past $500 million in circulation.
Why this matters: Institutional custody isn’t just about security—it’s a credibility flex. Ripple’s playing the long game, wrapping its DeFi ambitions in Wall Street’s favorite security blanket.
The cynical take? Nothing says 'trust us' like outsourcing trust to a 238-year-old bank. Classic crypto—disrupt the system, then rent its vaults.
What’s next? Watch how regulators react. A bank-backed stablecoin walks a tightrope between innovation and 'just another bank product.'
By:
Previous
Polymarket Power User Blasts ’This Isn’t Decentralized’ Amid Zelenskyy Suit Controversy
Next
🚀 XRP Soars to 45-Day Peak: ’Guppy’ Indicator Signals Bullish Breakout Ahead
