Cryptocurrency
CNBC
BNY Mellon will have custody of Ripple's new stablecoin as institutional interest in crypto swells
Why This Matters
BNY Mellon will be the primary custodian for the Ripple's U.S. dollar-pegged stablecoin reserves going forward, the two companies jointly announced Wednesday.
July 9, 2025
11:07 AM
3 min read
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FinancialBooklet Analysis
AI-powered insights based on this specific article
Key Insights
- The Federal Reserve's actions could influence market sentiment across sectors
- Financial sector news can impact lending conditions and capital availability for businesses
Questions to Consider
- How might the Fed's policy stance affect borrowing costs and economic growth?
- Could this financial sector news affect lending conditions and capital availability?
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