Standard Chartered offers RLUSD custody in Dubai and plans LMAX collateral link

Bullish-0.01%
12 Oct, 12:09
Source: CoinDesk

AI Summary

Standard Chartered introduces RLUSD custody in Dubai while planning collateral links with LMAX, signaling growing institutional adoption for Ripple's stablecoin.

Ripple previously gave LMAX $150 million in financing to integrate RLUSD into its institutional infrastructure.