Overview

• BNY Mellon will safeguard RLUSD’s reserves and provide transaction banking services for minting and redemption under a primary custodial agreement.
• RLUSD’s market capitalization has exceeded $500 million following a 30 percent gain in the past month, reflecting strong institutional uptake.
• Reserves are secured in short-term U.S. Treasuries, money market funds and cash under the oversight of the New York Department of Financial Services.
• Ripple has filed for a national banking license with the Office of the Comptroller of the Currency and submitted an application for a Federal Reserve master account.
• The custodial partnership reinforces Ripple’s compliance framework and underpins its strategy to integrate stablecoin operations into traditional banking infrastructure.