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Ripple Teams Up With Banking Giant BNY Mellon to Custody RLUSD Stablecoin
Ripple Teams Up With Banking Giant BNY Mellon to Custody RLUSD Stablecoin
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Ripple just pulled a power move—partnering with America's oldest bank to back its stablecoin play. BNY Mellon now holds the keys to RLUSD, marking a rare crypto-traditional finance détente.
Why it matters: When a 240-year-old institution guards your digital dollars, even regulators pause. Ripple's betting custody credibility will turbocharge RLUSD adoption—but Wall Street's embrace always comes with strings attached.
The fine print: No terms disclosed on fees or liability (classic bank move). Meanwhile, XRP holders cheer as Ripple keeps threading the needle between rebellion and respectability. Just don't call it selling out—call it surviving.
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