Ripple appoints BNY Mellon as the main transition for his stablecoin Rlusd

Ripple appoints BNY Mellon as the main transition for his stablecoin Rlusd

ripple chooses Bny Mellon as the main rack for StableCoin Ripple USD

Ripple, an important company in the field of blockchain technology and digital payments, has selected the Bank of New York Mellon (BNY Mellon) as the main dweller for the reserves of its StableCoins Ripple USD (RLUSD). This decision marks an important step in the partnership between Ripple and Bny Mellon, one of the oldest banks in the United States.

BNY MELLON, with a long history and expertise in the financial sector, will play a crucial role in the management and securing of RLUSD's reserves. The bank is known for its stable custody services and will help Ripple USD to be established as a reliable and trustworthy digital currency.

This cooperation could be of great advantage for Ripple, since it can offer RLUSD users more security and stability. In addition, the connection to a renowned bank like Bny Mellon could strengthen confidence in the stablecoin and its use in finance.

Overall, this development shows that Ripple and Bny Mellon, both firmly rooted in their respective areas, work together at the interface between traditional finance and innovative blockchain technology. This could not only promote the acceptance of cryptocurrencies, but also further work out the potential of stable coins in global payment transactions.