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

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 source: https://coinpedia.org/news/is-ripple-turning-into-an-xrp-treasury-company-bitwise-ceo-wonders/