Leading U.S. custodian bank BNY (formerly BNY Mellon) revealed plans on the 22nd to realize a 'round-the-clock' market for U.S. Treasuries through a customer letter, as reported by Bloomberg on the same day. BNY facilitated after-hours treasury transactions this year, involving two stablecoin issuers. These transactions, conducted after the close of Fedwire operations, saw BNY acting as an intermediary. Participants included Ripple's RL...