Ripple Treasury is targeting idle corporate cash with returns on qualifying holdings of Ripple USD (RLUSD), its dollar-backed stablecoin. The expansion pairs operations outside banking hours with artificial intelligence tools for managing cash and payments.
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The approval clears the way for Ripple to manage reserves backing its RLUSD stablecoin and provide digital asset custody.
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RLUSD will retain its New York-regulated issuer while the national trust bank manages reserves and provides fiduciary digital asset custody.