Is Ripple Turning Into an XRP Treasury Company? Bitwise CEO Wonders

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Ripple is making headlines again. The company has officially teamed up with BNY Mellon, the world’s largest custodian bank, to safeguard the reserves for its stablecoin RLUSD. The stablecoin has already crossed $500 million in circulation, and this move marks a big milestone for Ripple’s growing payments and stablecoin business.

The news didn’t go unnoticed. Bitwise CEO Hunter Horsley stirred conversation online, wondering aloud if Ripple might soon be seen as an “XRP treasury company.” His post got a mixed response and while some called it…



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Is Ripple Turning Into an XRP Treasury Company? Bitwise CEO Wonders


Ripple is making headlines again. The company has officially teamed up with BNY Mellon, the world’s largest custodian bank, to safeguard the reserves for its stablecoin RLUSD. The stablecoin has already crossed $500 million in circulation, and this move marks a big milestone for Ripple’s growing payments and stablecoin business.

The news didn’t go unnoticed. Bitwise CEO Hunter Horsley stirred conversation online, wondering aloud if Ripple might soon be seen as an “XRP treasury company.” His post got a mixed response and while some called it…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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