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Standard Chartered adds Ripple USD custody, eyes LMAX collateral deal
· By MyCryptoSignal Editorial · 71 words
Cointelegraph reports that Standard Chartered has introduced custody services for Ripple's RLUSD stablecoin, with the tokens to be held on the XRP Ledger. This development allows institutions to utilize the RLUSD tokens as collateral for trading, potentially expanding their access to liquidity. The move by Standard Chartered to support RLUSD custody highlights the growing interest in stablecoins within traditional financial institutions.
Read the full story at Cointelegraph: https://cointelegraph.com/news/standard-chartered-rlusd-custody-lmax-deal
Data, not advice.
Source: Cointelegraph — see our editorial policy.
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