XRP Climbs as Ripple Taps BNY Mellon to Custody Its New Stablecoin

XRP saw a lift this week after Ripple confirmed that BNY Mellon will serve as the custodian for its upcoming stablecoin. The announcement came during a CNBC Crypto World interview with Ripple’s Head of Product, David Schwartz, who laid out the company’s plans and what this move means for the ecosystem. For XRP, the market response was immediate. For Ripple, it marks another step toward bridging crypto and traditional finance.

Ripple Chooses a Familiar Face in Finance

There’s no question BNY Mellon brings weight to the table. As the oldest U.S. bank and one of the biggest custodians globally, it’s a name that institutions recognize and trust. Partnering with BNY Mellon isn’t just a technical choice; it’s a clear statement that Ripple wants its stablecoin to be taken seriously by traditional financial players.

Ripple is the TIP OF THE SPEAR!

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