Ripple Expands XRP Ledger Use with C2FO and BNY Mellon Partnerships
Ripple's XRP Ledger gains new applications in supplier payments and institutional custody through strategic partnerships.
Ripple's XRP Ledger gains new applications in supplier payments and institutional custody through strategic partnerships. Ethereum (ETH) is trading at $2,328.50, down 0.4% since this brief published. This is an original TLT brief synthesising 4 outlets (CryptoPotato, NewsBTC, Crypto.news, and others), plus live market data, as of Wed, 28 Oct 2026 14:15:03 UTC.
The partnerships demonstrate growing institutional adoption of XRP Ledger, expanding its use beyond cryptocurrency transactions to include real-time payments and stablecoin settlement. This could increase the ledger's utility and network effects.
- Ripple partners with C2FO for Instant Pay using XRP Ledger and RLUSD.
- BNY Mellon to provide institutional custody services for XRP Ledger.
- RLUSD stablecoin now supported on Coinbase, Ethereum, and Base.
- XRP Ledger's market cap stands at $83.37B amid flat market conditions.
Multiple outlets (CryptoPotato, NewsBTC, and Crypto.news) confirm Ripple's new partnerships with C2FO and BNY Mellon to expand XRP Ledger's use cases. They agree on the core details of the C2FO collaboration involving Instant Pay and RLUSD for supplier invoice settlements. However, Crypto.news uniquely reports that RLUSD has been launched on Coinbase with support for Ethereum and Base in addition to XRP Ledger, highlighting the stablecoin's growing adoption. The outlets differ slightly in emphasis, with CryptoPotato focusing on the institutional adoption angle while NewsBTC emphasizes the technical aspects of the XRP Ledger integration.
- XRP Influencer Urges Ripple to Show Progress Beyond Partnerships
- XRP Launches on X as Ripple Highlights Decade of Ledger Development
- Ripple and Arf Partner to Enhance XRP Ledger with RLUSD Settlement Liquidity
- Ripple CTO: XRP Ledger's Growth Could Boost XRP's Value
- Ripple's Swell Conference Kicks Off in New York with Focus on XRP Ledger and Digital Assets
- BNY Mellon Expands XRP Ledger Integration for Trade Finance
- Ripple Expands XRP Ledger Use with C2FO and BNY Mellon Partnerships — this brief
Ripple is expanding the use cases of its 
XRP Ledger through two strategic partnerships, according to multiple reports. The company is collaborating with C2FO to implement an Instant Pay solution that leverages the XRP Ledger and Ripple's stablecoin RLUSD to facilitate faster payments for approved supplier invoices.
The partnership with C2FO aims to improve the efficiency of supplier financing by using the XRP Ledger for real-time settlement. This initiative will allow businesses to receive payments instantly once invoices are approved, reducing transaction times and costs. The integration of RLUSD provides a stable medium of exchange within this system.
In addition to the C2FO partnership, Ripple has also teamed up with BNY Mellon to provide institutional custody services for assets on the XRP Ledger. This collaboration is part of Ripple's broader strategy to increase institutional adoption of its technology by offering secure and compliant custody solutions.
The XRP Ledger's utility is further enhanced by the recent launch of RLUSD on Coinbase, as reported by Crypto.news. This development adds to the stablecoin's existing support on 
Ethereum and Base, indicating growing adoption across multiple blockchain ecosystems. The Base network, which is built on Optimism, currently has a total value locked (TVL) of $2.91B, according to DeFiLlama.
Amidst these developments, the overall cryptocurrency market remains relatively flat, with a total market cap of $2.77T. XRP itself is trading at $1.32, up 0.28% in the last 24 hours but down 2.98% over the past week. The Fear & Greed Index stands at 51, indicating a neutral market sentiment.
Since this brief published about 20 hours ago, Ethereum (ETH) has moved from $2,337.01 to $2,328.50 — -0.36%.
The chart plots ETH's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ETH ≈ ₦3.23M (about $2,328.50), up 0.3% over 24 hours. The naira itself trades about 2.4% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 28, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Ripple Expands XRP Ledger Use with C2FO and BNY Mellon Partn — questions & answers
What is the purpose of Ripple's partnership with C2FO?
The partnership aims to use XRP Ledger and RLUSD for real-time settlement of supplier invoice payments.
Which institutions are involved in Ripple's new initiatives?
C2FO and BNY Mellon are the key partners in Ripple's new initiatives.
How does RLUSD fit into Ripple's strategy?
RLUSD serves as a stablecoin for transactions on the XRP Ledger, now supported on Coinbase, Ethereum, and Base.
How much is 1 Ethereum worth in naira today?
About ₦3.23M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $2,328.50. The naira price moves with both ETH's US-dollar price and the USDT/NGN rate; use our Ethereum in naira page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is down 0.36% since this brief first published — trading at $2,328.50 now versus $2,337.01 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from CryptoPotato, NewsBTC, Crypto.news, Bitcoin Sistemi, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.