move<\/a><\/strong> marks a significant milestone in Ripple\u2019s effort to scale institutional adoption of digital assets and bridge the gap between traditional finance and blockchain-powered payment infrastructure.<\/p>\nBNY Mellon, known for its longstanding presence in asset servicing and its growing influence in digital finance, will also provide transaction banking services to support RLUSD\u2019s operational needs. The partnership reinforces both firms\u2019 commitment to advancing digital asset integration within regulated financial systems.<\/p>\n
Enterprise-Grade Stablecoin with Regulatory Backing<\/h2>\n
RLUSD is designed to meet the needs of institutions rather than retail users. Unlike many consumer-focused stablecoins, RLUSD prioritizes compliance, transparency, and utility\u2014particularly for cross-border transactions. Issued under a New York Department of Financial Services (NYDFS) Trust Company Charter, the stablecoin is structured with strict regulatory oversight.<\/p>\n
According to Ripple, RLUSD will offer institutions a secure and efficient medium for settlement and liquidity across global markets. The coin is fully backed 1:1 with high-quality liquid USD assets and undergoes third-party audits and reserve transparency measures.<\/p>\n