BNY Mellon to custody Ripple’s stablecoin reserves

Ripple partners with BNY Mellon to custody RLUSD reserves, aiming to enhance regulatory compliance and institutional trust. The move comes amid a surge of corporate and institutional interest in stablecoins, dubbed “stablecoin summer. source: https://coinjournal.net/news/bny-mellon-to-custody-ripples-stablecoin-reserves/