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flag BNY Mellon, the oldest U.S. bank, will manage Ripple's stablecoin reserves, boosting crypto credibility.

flag The oldest U.S. bank, BNY Mellon, will manage the reserves for Ripple's U.S. dollar-pegged stablecoin, Ripple USD (RLUSD), enhancing regulatory compliance and boosting institutional credibility in the stablecoin sector. flag Stablecoins are cryptocurrencies tied to the value of another asset, like the dollar, to provide stability in blockchain networks. flag This partnership comes as major companies explore using or issuing stablecoins.

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