{"id":36344,"date":"2025-07-11T08:17:01","date_gmt":"2025-07-11T08:17:01","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=36344"},"modified":"2025-07-11T08:17:01","modified_gmt":"2025-07-11T08:17:01","slug":"xrp-climbs-as-ripple-taps-bny-mellon-to-custody-its-new-stablecoin","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=36344","title":{"rendered":"XRP Climbs as Ripple Taps BNY Mellon to Custody Its New Stablecoin"},"content":{"rendered":"<div>\n<p>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<span data-preserver-spaces=\"true\"> interview with Ripple\u2019s Head of Product, David Schwartz, who <\/span><span data-preserver-spaces=\"true\">laid out<\/span><span data-preserver-spaces=\"true\"> the company\u2019s plans and what this move means for the ecosystem.<\/span><span data-preserver-spaces=\"true\"> For XRP, the market response was immediate. <\/span><span data-preserver-spaces=\"true\">For Ripple, it marks another step toward bridging <\/span><span data-preserver-spaces=\"true\">crypto<\/span><span data-preserver-spaces=\"true\"> and traditional finance.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Ripple Chooses a Familiar Face in Finance<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">There\u2019s no question BNY Mellon brings weight to the table. As the oldest U.S. bank and one of the biggest custodians globally, it\u2019s a name that institutions recognize and trust. Partnering with BNY Mellon isn\u2019t just a technical <\/span><span data-preserver-spaces=\"true\">choice;<\/span><span data-preserver-spaces=\"true\"> it\u2019s a clear statement that Ripple wants its stablecoin to be taken seriously by traditional financial players.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Ripple is the TIP OF THE SPEAR!  <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/2694.png\" alt=\"\u2694\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f977.png\" alt=\"\ud83e\udd77\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/2694.png\" alt=\"\u2694\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><\/p>\n<p>Understanding Comms Matter. <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f609.png\" alt=\"\ud83d\ude09\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><\/p>\n<p>Ripple CEO Brad Garlinghouse testified at the Senate Banking Committee Hearing today. <\/p>\n<p>BNY Mellon announces their custody of RLUSD. <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f447-1f3fd.png\" alt=\"\ud83d\udc47\ud83c\udffd\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><\/p>\n<p>BNY Mellon will have custody of Ripple\u2019s new stablecoin as\u2026 <a href=\"https:\/\/t.co\/q3VlJFaIkJ\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/q3VlJFaIkJ<\/a><\/p>\n<p>\u2014 Paul White Gold Eagle (@PaulGoldEagle) <a href=\"https:\/\/twitter.com\/PaulGoldEagle\/status\/1943486628355510387?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">July 11, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">According to Schwartz, the stablecoin will be fully backed by U.S. dollars and short-term treasuries, with regular audits to <\/span><span data-preserver-spaces=\"true\">keep things transparent<\/span><span data-preserver-spaces=\"true\">. <\/span><span data-preserver-spaces=\"true\">That formula sounds familiar, but Ripple <\/span><span data-preserver-spaces=\"true\">is aiming<\/span><span data-preserver-spaces=\"true\"> to stand out by <\/span><span data-preserver-spaces=\"true\">tapping into<\/span><span data-preserver-spaces=\"true\"> its network of global partners, <\/span><span data-preserver-spaces=\"true\">especially<\/span><span data-preserver-spaces=\"true\"> those already <\/span><span data-preserver-spaces=\"true\">using<\/span><span data-preserver-spaces=\"true\"> its payments infrastructure.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">XRP Gets a Boost<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">XRP\u2019s price ticked up following the news. That reaction might seem like a stretch since the stablecoin is separate from XRP, but the two <\/span><span data-preserver-spaces=\"true\">are often viewed<\/span><span data-preserver-spaces=\"true\"> as reflections of Ripple\u2019s overall momentum. Whenever Ripple makes a big move, XRP tends to follow.<\/span><\/p>\n<div class=\"cpp-crypto-chart cpp-crypto-chart-99btc cpp-crypto-chart-xrp\" data-coin-symbol=\"xrp\" data-price-usd=\"XRP Price (USD)\" data-main-color=\"#4caf05\" data-watermark-image=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/99bitcoins-logo.png\" data-chart-style=\"99btc\">\n<div class=\"cpp-chart-top-section\">\n<div class=\"cpp-chart-info-section\">\n<div class=\"cpp-chart-logo\"><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/03\/05094533\/xrp-xrp-logo.svg\" alt=\"xrp logo\"><\/div>\n<div class=\"cpp-chart-coin-details\">\n<div class=\"cpp-chart-labels-row\">\n<div class=\"cpp-chart-coin-name\">XRP<\/div>\n<div class=\"cpp-chart-price-info\">Price<\/div>\n<div class=\"cpp-chart-market-cap\">Market Cap<\/div>\n<\/div>\n<div class=\"cpp-chart-values-row\">\n<div class=\"cpp-chart-coin-symbol\">XRP<\/div>\n<div class=\"cpp-chart-price\"><\/div>\n<div class=\"cpp-chart-market-cap-value\">$148.73B<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"cpp-chart-selectors cpp-chart-selectors-99btc\"><span class=\"cpp-chart-selector\" data-period=\"24h\">24h<\/span><span class=\"cpp-chart-selector\" data-period=\"7d\">7d<\/span><span class=\"cpp-chart-selector\" data-period=\"30d\">30d<\/span><span class=\"cpp-chart-selector\" data-period=\"1y\">1y<\/span><span class=\"cpp-chart-selector\" data-period=\"all_time\">All time<\/span><\/div>\n<\/div>\n<p><canvas id=\"cpp-chart-6870c7b29f564\" class=\"cpp-chart-container cpp-chart-container-99btc\"><\/canvas><\/div>\n<p><span data-preserver-spaces=\"true\">The stablecoin <\/span><span data-preserver-spaces=\"true\">is expected<\/span><span data-preserver-spaces=\"true\"> to complement XRP rather than compete with it. Schwartz mentioned that XRP will continue to anchor Ripple\u2019s On-Demand Liquidity product, while the stablecoin opens up new ways to handle settlement and corporate treasury functions. It could also help smooth out situations where clients want less exposure to price swings but still want the speed and flexibility of blockchain payments.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">The Bigger Picture for Stablecoins<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Ripple <\/span><span data-preserver-spaces=\"true\">entering<\/span><span data-preserver-spaces=\"true\"> the stablecoin game is already newsworthy, but doing it with a legacy player like BNY Mellon changes the dynamic.<\/span> <span data-preserver-spaces=\"true\">Stablecoin projects <\/span><span data-preserver-spaces=\"true\">often<\/span><span data-preserver-spaces=\"true\"> face questions <\/span><span data-preserver-spaces=\"true\">about<\/span><span data-preserver-spaces=\"true\"> reserves, trust, and compliance.<\/span><span data-preserver-spaces=\"true\"> Ripple is trying to get ahead of that by bringing in one of the most established names in custody to manage the backing assets.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This move also reflects a broader trend: stablecoins are no longer just for crypto-native use cases. They\u2019re making their way into finance departments, cross-border payments, and even government conversations. <\/span><span data-preserver-spaces=\"true\">Ripple sees an opportunity to step into that space with a product that <\/span><span data-preserver-spaces=\"true\">plays by<\/span><span data-preserver-spaces=\"true\"> the rules <\/span><span data-preserver-spaces=\"true\">but<\/span><span data-preserver-spaces=\"true\"> still <\/span><span data-preserver-spaces=\"true\">offers<\/span><span data-preserver-spaces=\"true\"> speed and efficiency.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">9+ Best High-Risk, High-Reward Crypto to Buy in July2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">What to Expect Next<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Ripple aims to roll out the stablecoin later this year, assuming final testing and approvals go smoothly. <\/span><span data-preserver-spaces=\"true\">There may be more announcements <\/span><span data-preserver-spaces=\"true\">coming too<\/span><span data-preserver-spaces=\"true\">, as the company hinted at further partnerships beyond BNY Mellon.<\/span><span data-preserver-spaces=\"true\"> Schwartz made it clear that the goal isn\u2019t to fight for dominance but to offer a reliable tool for enterprise-grade use.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">For XRP watchers, this is another sign that Ripple is expanding its reach. <\/span><span data-preserver-spaces=\"true\">Whether or not the stablecoin <\/span><span data-preserver-spaces=\"true\">grabs<\/span><span data-preserver-spaces=\"true\"> market share quickly, the strategy behind it shows Ripple is still very much in the <\/span><span data-preserver-spaces=\"true\">game<\/span>\u00a0<span data-preserver-spaces=\"true\">and looking to play on a bigger field.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Ripple has selected BNY Mellon as the custodian for its upcoming stablecoin, aiming to build trust with institutional players.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The stablecoin will be backed by U.S. dollars and short-term treasuries, with regular audits to ensure transparency.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        XRP saw a price bump following the news, as the market views Ripple\u2019s progress as a signal of strength for the token.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Ripple\u2019s stablecoin will not replace XRP but will complement it by supporting settlement and treasury use cases.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        This move positions Ripple to offer a stable, enterprise-ready product as stablecoins gain wider use in finance and payments.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><br \/>\n    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/xrp\/ripple-picks-bny-mellon-to-custody-its-new-stablecoin\/\">XRP Climbs as Ripple Taps BNY Mellon to Custody Its New Stablecoin<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019s Head of Product, David Schwartz, who laid out the company\u2019s plans and what this move means for the ecosystem. For XRP, the market [&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-36344","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\/36344","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=36344"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36344\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}