Standard Chartered Will Hold Ripple's Stablecoin in Dubai—And Let Clients Trade With It Without Moving It
Bullish-0.01%
12 Oct, 21:16
Source: Decrypt
AI Summary
Standard Chartered's Dubai branch begins custody services for Ripple's RLUSD stablecoin and integrates it with LMAX for institutional trading collateral, signaling growing traditional finance adoption.
The bank's Dubai branch now offers custody for Ripple's RLUSD stablecoin and plans a link with LMAX that lets institutions post it as trading collateral while the coins stay put.