Standard Chartered adds Ripple USD custody, eyes LMAX collateral deal
đ° Key Takeaways:
⢠Standard Chartered has launched custody for Rippleâs RLUSD stablecoin on the XRP Ledger, expanding its institutional crypto offerings.
⢠The bank plans to allow institutions to use RLUSD as trading collateral, potentially easing regulatory compliance and liquidity constraints for crypto derivatives.
⢠The move signals growing institutional acceptance of XRP Ledger assets and could boost liquidity and usage of RLUSD across the broader crypto ecosystem.
đĄ Market Impact:
The announcement is likely to enhance RLUSDâs liquidity and attract more institutional traders, while reinforcing the XRP Ledgerâs position as a viable platform for regulated stablecoin custody and collateral use.
đĽ 24H Top Futures Gainers:
⢠$W (+82.2%) â Price: 0.0316
⢠$RSR (+44.4%) â Price: 0.002301
⢠$PLUME (+19.8%) â Price: 0.0229
#CryptoNews #BinanceFutures #MarketMovers
đ° Key Takeaways:
⢠Standard Chartered has launched custody for Rippleâs RLUSD stablecoin on the XRP Ledger, expanding its institutional crypto offerings.
⢠The bank plans to allow institutions to use RLUSD as trading collateral, potentially easing regulatory compliance and liquidity constraints for crypto derivatives.
⢠The move signals growing institutional acceptance of XRP Ledger assets and could boost liquidity and usage of RLUSD across the broader crypto ecosystem.
đĄ Market Impact:
The announcement is likely to enhance RLUSDâs liquidity and attract more institutional traders, while reinforcing the XRP Ledgerâs position as a viable platform for regulated stablecoin custody and collateral use.
đĽ 24H Top Futures Gainers:
⢠$W (+82.2%) â Price: 0.0316
⢠$RSR (+44.4%) â Price: 0.002301
⢠$PLUME (+19.8%) â Price: 0.0229
#CryptoNews #BinanceFutures #MarketMovers