BNY Mellon Named RLUSD Reserve Custodian as Ripple Stablecoin Hits $1.5B Market Cap

RLUSD0.02%
According to crypto researcher BankXRP, BNY Mellon has been named the primary reserve custodian for Ripple's RLUSD stablecoin, marking a significant step in institutional digital asset adoption. The move underscores growing demand for regulated stablecoins supporting enterprise payments and global treasury operations. RLUSD has surpassed $1.5 billion in market capitalization since its launch under the regulatory oversight of the New York State Department of Financial Services. Industry projections estimate the stablecoin market could reach $3.6 trillion by 2030, driven by institutional adoption and clearer regulatory frameworks.
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