<ul data-eligibleForWebStory="false"><li>XRP price increased after Ripple announced BNY Mellon as the custodian for its upcoming stablecoin, enhancing trust with traditional finance.</li><li>The stablecoin will be fully backed by U.S. dollars and treasuries, with audits for transparency, aligning with industry standards.</li><li>XRP saw a positive response from the market post-announcement, showcasing its close association with Ripple's advancements.</li><li>Ripple's stablecoin will complement XRP, focusing on settlement and corporate treasury functions, indicating Ripple's broader market strategy.</li></ul>

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

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