Under the expanded partnership between Ripple and BNY, institutional clients will be able to mint and redeem Ripple's RLUSD stablecoin directly through BNY

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

Banks, asset managers, corporations and pension funds moving into digital assets through custody launches, trading desks and treasury allocations.