Ripple’s RLUSD Stablecoin Hits $500M Milestone

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Ripple’s RLUSD Stablecoin Hits $500M Milestone—BNY Mellon Now Holds the Keys

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CoindeskEN

Release Time:

2025-07-09 11:00:00

Ripple Taps BNY Mellon to Custody Stablecoin Reserves as RLUSD Surpasses $500M

Ripple just handed Wall Street’s oldest custodian the ultimate irony: guarding a $500M crypto stablecoin.

BNY Mellon—founded in 1784, now babysitting blockchain billions—will manage reserves for RLUSD as it smashes past the half-billion mark. Because nothing says 'trustless revolution' like a 240-year-old bank vault.

Ripple’s play? Marrying crypto’s speed with institutional cred. Because apparently 'decentralized' still needs a hall monitor.

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