Ripple Partners With Wall Street Giant BNY Mellon to Back RLUSD Stablecoin
TL;DR Ripple appointed BNY Mellon as the custodian of the cash and Treasury reserves backing its RLUSD stablecoin, which has already surpassed $500 million. The company
Ripple is a digital payment protocol and cryptocurrency founded in 2012. Its native cryptocurrency, XRP, is used to facilitate fast and low-cost international money transfers.
Ripple’s network operates on a decentralized blockchain, but unlike Bitcoin and other cryptocurrencies, it does not require mining. Instead, transactions are validated through a consensus algorithm, which allows for faster processing times and lower fees. Ripple’s technology has been adopted by various financial institutions and payment networks, making it a popular choice for cross-border payments and remittances.
TL;DR Ripple appointed BNY Mellon as the custodian of the cash and Treasury reserves backing its RLUSD stablecoin, which has already surpassed $500 million. The company
TL;DR Ripple has applied for a national banking license in the U.S. to operate its RLUSD stablecoin under federal supervision and expand its reach. The company
TL;DR Rippleās new partnership with OpenPayd embeds real-time EUR/GBP rails, multi-currency accounts, and virtual IBANs into Ripple Payments, enabling compliant, near-instant cross-border transfers with on-chain transparency.
TL;DR XRPL launched its EVM Sidechain, a parallel network that enables the deployment of Ethereum smart contracts and cross-chain DeFi operations using XRP as gas. The
TL;DR Version 2.5.0 of the XRP Ledger introduces advanced features like PermissionedDEX, transaction batching, and enhanced token escrow, aimed squarely at institutional use cases. With growing
TL;DR The Senate passed the GENIUS Act with strong bipartisan support, establishing the first federal framework for stablecoin regulation. The law mandates that only licensed banks
TL;DR More than 2,700 wallets holding at least 1 million XRP mark a historic record, reflecting growing confidence from large investors. Daily active addresses surpassed 295,000,
TL;DR Ripple Asset Integration: Cardano founder Charles Hoskinson announced plans to integrate a full suite of Ripple assets into the Cardano ecosystem, signaling a major step
TL;DR XRPās Realized Cap jumped 4.2% in 30 days, far surpassing Solanaās 1%, with faster capital rotation reflecting stronger short-term appetite. Companies like Webus, VivoPower, and
TL;DR XRP Ledger adds USDC to its mainnet and enables direct issuance and operations through Circleās Mint and API platforms. The blockchain plans to launch an
Ads
Follow us on Social Networks
Crypto Tutorials
Crypto Reviews
Ā© Crypto Economy