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#BNY Mellon

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Ripple’s RLUSD Stablecoin Earns Historic Moody’s Rating Following US Bank Approval
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Ripple’s RLUSD Stablecoin Earns Historic Moody’s Rating Following US Bank Approval

Key Highlights: Ripple’s $RLUSD has secured the first-ever investment-grade deposit rating from credit rating agency Moody’s. Reserve architecture maintained by SCTC targets a 103% overcollateralization ratio, backed by cash and short-duration U.S. government assets primarily custodied with The Bank of New York Mellon. Distribution of the stablecoin is expanding rapidly across premier platforms, including Robinhood, ...

Ripple Nears $900M Milestone as XRP Expands Wall Street Access
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Ripple Nears $900M Milestone as XRP Expands Wall Street Access

Key Highlights: The Bank of New York Mellon Corp. (BNY) has expanded institutional access to $XRP and Ripple USD ($RLUSD) through its Digital Asset Custody platform. Privy and Robinhood Markets Inc. have partnered with Ripple to integrate $XRP and $RLUSD into programmable wallets, institutional settlement, and corporate treasury management. Ripple secured final regulatory approval for ...