Ripple has established a partnership with the oldest bank on Wall Street, and BNY Mellon has become the custodian of RLUSD, which will take Ripple’s stablecoin strategy to the next level and herald its long-term commitment to infrastructure construction. With the announcement of this strategic cooperation, the price of XRP soared rapidly, breaking through $2. 46 at one point, and its market value jumped to the third largest cryptocurrency in the world. Following Ripple’s announcement, LET Mining introduced a cloud mining feature tailored for XRP holders, enabling users to engage with the network and potentially earn passive rewards alongside their existing assets
source: https://beincrypto.com/ripple-and-bank-of-new-york-mellon-announce-partnership-involving-xrp-custody-let-mining-provides-cloud-mining-strategies-for-holders/