The Bank of New York Mellon(US:BK) CNBC Televisionยท2025-07-09 12:19Partnership and Custody - Ripple partners with BNY Mellon as the primary custodian for its stablecoin [1] - The partnership with BNY Mellon aims to build trust in the crypto system by working with a well-regulated and capitalized partner [2][3] Stablecoin and Market Position - Ripple's stablecoin, RLUSD, has surpassed $500 million in market cap within six months of launch [5] - The stablecoin industry is currently valued at approximately $250 billion and is projected to grow to between $1 trillion and $2 trillion in the coming years [6] - Ripple entered the stablecoin market later than some competitors, initially using stablecoins in its payment flows for institutional customers [6][7] Regulatory Compliance and Licensing - Ripple has over 60 global licenses to participate in various markets [8] - Ripple has applied for an OC license and a Fed master account [8] - Ripple advocates for industry regulation and emphasizes its commitment to compliance [10][11] Strategy and Vision - Ripple aims to bridge the gap between traditional finance and decentralized finance by integrating the benefits of crypto into traditional systems [9] - Ripple focuses on facilitating faster and cheaper transactions [9]