Crypto researcher SMQKE has drawn attention to a remark in a stablecoin publication by BNY Mellon that directly names XRP alongside stablecoins as part of its corporate payment strategies.
The section highlighted by SMQKE is titled “Ripple and BNY: Speeding Up Cross-Border Payments With Stablecoins,” which explores how the two entities are collaborating around digital assets and stablecoins. The text notes that the objective is to enable corporate treasuries to transfer funds “24/7/365, in real time, through stablecoins and digital assets like XRP.”
In a post on X, SMQKE underlined this inclusion by stating, “XRP IS IN BNY MELLON’S GLOBAL PAYMENTS PLAN,” while pointing readers to the publication as proof.
This reference integrates XRP into a wider payment framework that also incorporates tokenized financial infrastructure and stablecoins.
XRP IS IN BNY MELLON'S GLOBAL PAYMENTS PLAN
From BNY's own stablecoins publication, in their Ripple and BNY section:
"The goal is to help corporate treasuries move money 24/7/365, in real time, through stablecoins and digital assets like XRP."
This is documented… https://t.co/LuExYZKnER pic.twitter.com/nu5DCGoHI4
— SMQKE (@SMQKEDQG) October 9, 2026
Ripple and BNY Mellon’s Stablecoin Connection
The document outlines that BNY Mellon assumed the role of primary reserve custodian for Ripple USD (RLUSD) in July 2025. It characterizes RLUSD as a stablecoin built for enterprise applications to enhance the efficiency, cost-effectiveness, and speed of cross-border transactions.
Furthermore, the text mentions that Ripple purchased a treasury management system (TMS) solution from GTreasury in October 2025. According to the publication, the aim is to assist corporate treasuries in transferring money seamlessly and in real time using stablecoins and digital assets such as XRP.
Ripple’s Senior Vice President of Stablecoins, Jack McDonald, remarked that the organizations are not seeking to eliminate banks from corporate banking connections. Rather, he noted that Ripple aims to reinforce ties between corporations and banks while investigating how RLUSD can be integrated into BNY’s payment network.
Additionally, the publication highlights interoperability between stablecoins and tokenized deposits as a critical element for operationalizing these applications.
XRP Mention Raises a Key Question
While SMQKE’s commentary centers on the document’s direct mention of XRP, the text does not claim that BNY Mellon utilizes XRP for every payment transaction.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
A commenter named Zoid proposed that the required framework might already be in place, meaning corporations could simply need to switch it on. He also raised the question of whether a potential surge in future XRP demand could stem from a supply-driven mechanism or a separate catalyst.
Meanwhile, David Arnal presented a more measured view, noting that BNY Mellon’s inclusion of XRP in its payment framework is significant. However, he emphasized that a distinction still exists between whether BNY will deploy XRP directly in transactions or if XRP will merely be accessible alongside stablecoins.
For SMQKE, the primary takeaway remains the direct citation of XRP within BNY Mellon’s publication as part of the institution’s broader dialogue on real-time corporate transactions.