{"id":35996,"date":"2025-07-09T15:47:15","date_gmt":"2025-07-09T15:47:15","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=35996"},"modified":"2025-07-09T15:47:15","modified_gmt":"2025-07-09T15:47:15","slug":"xrp-boosted-4-by-ripples-stablecoin-partnership-with-bny-mellon","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=35996","title":{"rendered":"XRP Boosted 4% By Ripple&#8217;s Stablecoin Partnership With BNY Mellon"},"content":{"rendered":"<div>\n<p><strong>Ripple<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/xrp\/usd\">XRP<\/a>) has announced that the <strong>Bank of New York Mellon<\/strong> (NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/BKAG#NYSE\">BKAG<\/a>) will serve as the primary custodian for reserves backing its <a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/07\/46318111\/xrp-eyes-2-40-as-ripples-rlusd-stablecoin-smashes-500m-market-cap\">U.S. dollar-pegged stablecoin<\/a> RLUSD.<\/p>\n<p>This move marks a significant step toward boosting institutional trust in the stablecoin sector, as well as ensuring greater regulatory alignment for Ripple, which issued RLUSD in December 2024.<\/p>\n<p>BNY Mellon, the oldest bank in the United States and a key service provider to institutional clients, will manage the underlying reserve assets and facilitate the liquidity processes behind RLUSD redemptions and conversions, CNBC <a href=\"https:\/\/www.cnbc.com\/2025\/07\/09\/bny-mellon-will-have-custody-of-ripples-new-stablecoin.html\">reported<\/a> on Wednesday.<\/p>\n<p>The &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/07\/46323539\/xrp-boosted-4-by-ripples-stablecoin-partnership-with-bny-mellon\" alt=\"XRP\" boosted by ripple stablecoin partnership with bny mellon>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ripple (CRYPTO: XRP) has announced that the Bank of New York Mellon (NYSE:BKAG) will serve as the primary custodian for reserves backing its U.S. dollar-pegged stablecoin RLUSD. This move marks a significant step toward boosting institutional trust in the stablecoin sector, as well as ensuring greater regulatory alignment for Ripple, which issued RLUSD in December [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-35996","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35996"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35996\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}