• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Collaboration Between Ripple and BNY Mellon: A New Era for RLUSD

user avatar

by Giorgi Kostiuk

7 hours ago


Ripple has announced one of its major partnerships with BNY Mellon aimed at managing the reserves of the RLUSD stablecoin. This agreement marks an important step in Ripple's strategy for cryptocurrency and stablecoin adoption.

What Does the Ripple and BNY Mellon Deal Entail?

Announced on July 9, 2025, the deal involves transferring RLUSD reserves, backed by cash and U.S. Treasury bonds, to BNY Mellon’s extensive custody network globally. This strategic move aims to enhance trust among institutional clients by having reserve assets held by a globally recognized financial institution. Introduced in late 2024, RLUSD quickly climbed the ranks of USD-pegged stablecoins, reaching a daily trading volume of about $26 million within a few months.

How is Ripple’s Leadership Shaping the Crypto Landscape?

Operating RLUSD on the XRP Ledger and the Ethereum blockchain helps to significantly reduce costs in cross-border transactions, as emphasized by Ripple’s leadership. Ripple is also pursuing a national bank license from the U.S. Office of the Comptroller of the Currency, which would lead to RLUSD being directly regulated under banking laws if granted. The involvement of a renowned financial institution like BNY Mellon could hasten the bridge between cryptocurrency and traditional sectors.

Possible Consequences of the Partnership for Financial Markets

The Ripple-BNY Mellon partnership may impact the dynamics between traditional finance and cryptocurrencies. Hunter Horsley, CEO of Bitwise, noted that Ripple could be evolving into an 'XRP treasury company,' sparking discussions online. He predicted a pivotal year ahead for the cryptocurrency market in 2025 due to changes in U.S. legislative and regulatory environments. Key takeaways from the partnership include:

– Enhanced credibility among institutional clients through custodial management by BNY Mellon.

– Potential acceleration of regulatory recognition for Ripple and its stablecoin, RLUSD.

– An impending shift in power dynamics between traditional finance and the cryptocurrency sectors.

The partnership between Ripple and BNY Mellon signifies more than just a custodial agreement; it’s a strategic move that could redefine Ripple's position in the financial world and enhance cryptocurrency integration into traditional financial services.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Revocation of U.S. Treasury Reporting Rule: Impact on Decentralized Exchanges

chest

U.S. Treasury has revoked the reporting rule for decentralized exchanges, which may reduce compliance costs and foster DeFi growth.

user avatarGiorgi Kostiuk

Trump's 50% Copper Tariff Announcement: Economic Implications

chest

Trump implemented a 50% tariff on copper effective August 1, 2025, potentially impacting construction and electronics sectors.

user avatarGiorgi Kostiuk

Binance Founder CZ Advocates for AI to Simplify Laws

chest

Binance's founder Changpeng Zhao proposed using artificial intelligence to simplify complex legal texts for better public understanding.

user avatarGiorgi Kostiuk

Cardano Foundation Invested $15 Million in Network Development, Yet ADA Price Continues to Decline

chest

The Cardano Foundation released a report detailing its $15 million spending on network development, but ADA's price remains low.

user avatarGiorgi Kostiuk

Ripple and BNY Mellon Partnership: Key Highlights and Market Impact

chest

Ripple and BNY Mellon have announced a collaboration to enhance the adoption of the stablecoin RLUSD among financial institutions.

user avatarGiorgi Kostiuk

How to Earn Free Tokens: The Complete Guide to Airdrop Farming on Hyperliquid

chest

Learn about Airdrop Farming methods on the Hyperliquid platform, its ecosystem, and ways to earn free tokens.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.