<ul data-eligibleForWebStory="false"><li>Ripple partners with BNY Mellon for custody of RLUSD stablecoin reserves, aiming for institutional adoption.</li><li>RLUSD ranks as the 16th largest stablecoin with a market cap of US$501 million, targeting institutional clients.</li><li>Ripple CEO Brad Garlinghouse advocates for clearer crypto regulation before the US Senate Banking Committee.</li><li>XRP rises nearly 5% to US$2.42 following the announcement, amidst a broader uptrend in the crypto market.</li></ul>

XRP Rises as Ripple Taps BNY Mellon to Custody US$500 Million in RLUSD Reserves

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