- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
New York Mellon Bank will provide dollar reserve custody services for Ripple's stablecoin RLUSD.
By: theblockbeats.news|2025/07/09 21:16:55
0
Share
BlockBeats News, July 9th, according to The Block, Ripple announced on Wednesday that it has selected BNY Mellon to custody the U.S. dollar cash and U.S. Treasury bond reserves for its stablecoin RLUSD, with RLUSD's circulation surpassing $500 million.
As one of the largest custodian banks in the United States with assets under management of approximately $52 trillion, BNY Mellon will securely custody the reserve assets for RLUSD and assist in liquidity management. This move aims to ensure RLUSD holders can redeem dollars on a 1:1 basis, with the redemption mechanism following regulatory standards similar to traditional money market funds.
BNY Mellon established a dedicated digital asset unit in 2021 and officially began offering services to institutional-grade crypto clients in 2022.
You may also like
The United States Establishes the "Five Categories Law" for Cryptographic Assets: A Summary to Understand the New Regulatory Framework
Is the "Wild West" era of cryptocurrency assets officially coming to an end?
Morning Report | Mastercard plans to acquire BVNK for up to $1.8 billion; Solana Foundation launches aggregator Tokens on Solana; Bitcoin sees its first 8 consecutive rises in four years
Overview of Important Market Events on March 17
Aster Chain officially launches: defining a new era of on-chain privacy and transparency
The privacy-focused trading ecosystem Aster, supported by YZi Labs, announced today that the Aster Chain mainnet is officially launched.
Stargate Debut Illustrated: The 1.4 Trillion Computing Power Empire Dream, Awakened
One Year Plus, Zero Employees, Zero Code
A Billion-Dollar Life Buy Threat Triggered by an Iranian Missile
One Word Change by a Reporter Can Make Gambler Win Millions
BlackRock Launches ETHB: Ethereum ETF Enters 'Interest-Bearing Age'
The BlackRock ETHB is not the first Ethereum ETF in the United States, but it is taking the most standard route.
Nvidia Starts Putting Chips in the Road | Rewire News Evening Update
Huang Renxun said this is the "ChatGPT Moment of Autonomous Driving"
RootData: February 2026 Cryptocurrency Exchange Transparency Research Report
This month's cumulative spot trading volume on cryptocurrency exchanges has decreased slightly by 4.7% compared to January, which is the result of multiple factors including market conditions, the macro environment, and the Spring Festival holiday in Chinese-speaking regions.
「One and Done SEA」, so OpenSea chooses to wait a little longer
It's already Q1 2026, and we're still waiting for OpenSea to launch its token.
Ray Dalio: The Resolution of the US-Iran Conflict Is In the Strait of Hormuz
In war, the ability to endure pain is often more important than the ability to inflict pain.
In just 70 days, Polymarket easily raked in tens of millions in fees
The money printer is running, and the future ceiling only depends on two main variables.
Matrixdock is launching the Silver Token XAGm, built on the FRS standard as an on-chain silver-backed asset.
In the future, Matrixdock will continue to expand to include more high-quality real-world assets, driving the development of a more transparent and robust on-chain reserve asset system.
a16z: The Hardest Enterprise Software, and the Greatest Opportunity in AI
The world will continue to run on SAP, but AI will reshape it
Polymarket Market-Making Bible: Pricing Spread Formula
This article presents a comprehensive market-making pricing framework that will elevate you from "guesstimate pricing spread" to "formula-based pricing spread."
Ray Dalio: If the United States loses Hormuz, it will lose more than just a war
In war, who can endure pain better is often more important than who can inflict pain better.
How to Earn Up to 40% Rebates on Crypto Futures Trading (WEEX Trade to Earn IV Guide)
WEEX Trade to Earn IV lets traders earn up to 40% fee rebates in real time through a tiered miner system tied to trading activity. With additional boosts from referrals, it offers a more reliable alternative to airdrops as the crypto market gains momentum.
NVIDIA Plays Trillion-Dollar Chess Game | Rewire News Morning Edition
DGX Station, a desktop workstation capable of running trillion-parameter models
Real-time Update | NVIDIA GTC 2026 Conference Highlights Galore
The most anticipated annual event in the AI field, NVIDIA's GTC 2026 Conference, kicked off today in San Jose, California, USA.
The United States Establishes the "Five Categories Law" for Cryptographic Assets: A Summary to Understand the New Regulatory Framework
Is the "Wild West" era of cryptocurrency assets officially coming to an end?
Morning Report | Mastercard plans to acquire BVNK for up to $1.8 billion; Solana Foundation launches aggregator Tokens on Solana; Bitcoin sees its first 8 consecutive rises in four years
Overview of Important Market Events on March 17
Aster Chain officially launches: defining a new era of on-chain privacy and transparency
The privacy-focused trading ecosystem Aster, supported by YZi Labs, announced today that the Aster Chain mainnet is officially launched.
Stargate Debut Illustrated: The 1.4 Trillion Computing Power Empire Dream, Awakened
One Year Plus, Zero Employees, Zero Code
A Billion-Dollar Life Buy Threat Triggered by an Iranian Missile
One Word Change by a Reporter Can Make Gambler Win Millions
BlackRock Launches ETHB: Ethereum ETF Enters 'Interest-Bearing Age'
The BlackRock ETHB is not the first Ethereum ETF in the United States, but it is taking the most standard route.
App