Ripple Engages BNY Mellon for Custody of Stablecoin Reserves as RLUSD Reaches $500M
The financial technology company Ripple has selected The Bank of New York Mellon to oversee the reserves backing its US dollar stablecoin, as demand surges upwards.
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The financial technology company Ripple has selected The Bank of New York Mellon to oversee the reserves backing its US dollar stablecoin, as demand surges upwards.
XRP is on the verge of applying for a banking license balancing at a crucial support level of $2.25. Understanding the implications of this potential shift is important for investors.
Ripple's bid for a national bank charter revives XRP's trading momentum, crossing the critical resistance point amid increasing trading volumes.
Despite recent declines, optimism around Ripple's banking license application bolsters the potential for XRP to reach $10.
Swiss cryptocurrency institution AMINA Bank has announced it will provide custody and trading services for Ripple's new RLUSD stablecoin, marking a significant step in the adoption of digital assets.
Investor optimism drives demand for XRP call options, particularly at the $3 strike price, amidst rising market activity.
The bank claims to be the first global financial institution to provide custody and trading services for Ripple's recently launched stablecoin.
Ripple has officially submitted an application for a national banking charter in the United States, aiming to place its RLUSD stablecoin under federal regulation. This move may solidify its position in the financial landscape.
Ripple, known for its RLUSD stablecoin, is making waves as XRP bulls set sights on a price of $3 amid a significant banking license application.
Ripple teams up with OpenPayd to create a stablecoin infrastructure as it seeks to obtain a national banking license.
Ripple has submitted an application for a national banking license aimed at enhancing its cryptocurrency services under federal regulations. XRP rose by 3% following the news.
Ripple's introduction of the XRPL's EVM sidechain allows for the integration of Ethereum-compatible smart contracts into the XRP ecosystem.
Ripple and the U.S. Securities and Exchange Commission have decided to abandon their appeals, concluding a protracted legal dispute over the classification of XRP.
Ripple Labs announces the end of its legal battle with the SEC by dropping its appeal, following the rejection of a settlement proposal by a New York judge.
Ripple's token XRP failed to hold its ground, testing significant $2.08 support as approximately $500 million in assets change hands.
A recent ruling from a New York judge has upheld the ongoing injunction against Ripple Labs, rejecting the SEC's request to modify the terms of their agreement.
Ripple has integrated Wormhole with its XRP Ledger to facilitate seamless multichain asset movement, emphasizing compliance and cost efficiency.
The Ripple token has rebounded from a recent low, gaining momentum as interest in futures surges.
The Ripple-associated cryptocurrency finds stable support around $2.14 as market volatility diminishes prior to significant economic announcements.
XRP is experiencing upward momentum as Ripple whales accumulate, driven by optimism surrounding the conclusion of a long-standing lawsuit.

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