Ripple has entered a significant partnership with BNY Mellon to safeguard the reserves of its stablecoin RLUSD, marking a major event in the cryptocurrency world.
Ripple and BNY Mellon Partnership
The partnership, announced on July 9, 2025, involves the transfer of RLUSD reserves, supported by cash and short-term U.S. Treasury bonds, into BNY Mellon’s global custody network. This move aims to bolster Ripple's credibility among institutional clients. Launched at the end of 2024, RLUSD quickly rose into the top twenty dollar-pegged stablecoins, achieving a daily trading volume of about $26 million within just seven months.
Conclusion on the Partnership's Significance
Ripple’s leadership emphasizes that operating RLUSD on both the XRP Ledger and Ethereum blockchain significantly reduces cross-border transaction costs. Moreover, Ripple seeks to obtain a national banking license from the U.S. Office of the Comptroller of the Currency. If approved, this license would regulate RLUSD issuance under banking laws.
Opinions on Ripple and XRP
Bitwise's CEO, Hunter Horsley, posed the question on Twitter: 'Is Ripple evolving into an XRP treasury company?' His commentary has generated significant interest. In an interview with CNBC, he predicted 2025 will be a transformative year for the cryptocurrency market, noting positive shifts in attitudes from Congress and regulators. Horsley suggests that leading cryptocurrencies like Bitcoin and XRP will become standard tools not only on exchanges but also in corporate financial statements and services.
The partnership between Ripple and BNY Mellon highlights the increasing recognition of cryptocurrencies in traditional finance and may impact future interactions between decentralized finance and regulated entities.
