🚨BREAKING🚨
🏦 Standard Chartered launches institutional custody for Ripple’s RLUSD stablecoin through its Dubai branch.
🔗 XRP Ledger (XRPL): The service supports RLUSD issued on the XRP Ledger for eligible institutional clients.
💰 LMAX integration planned: Institutions may be able to use RLUSD as trading collateral while keeping tokens in bank custody.
🤝 $150 million financing: Ripple previously committed $150 million to support LMAX Group’s growth strategy.
⚠️ Pending approval: The planned collateral integration still requires final documentation, testing, regulatory compliance and internal approvals.
📈 Market impact: The move strengthens RLUSD’s institutional adoption prospects, but no direct price impact on XRP is confirmed.
$XRP
#xrp
🏦 Standard Chartered launches institutional custody for Ripple’s RLUSD stablecoin through its Dubai branch.
🔗 XRP Ledger (XRPL): The service supports RLUSD issued on the XRP Ledger for eligible institutional clients.
💰 LMAX integration planned: Institutions may be able to use RLUSD as trading collateral while keeping tokens in bank custody.
🤝 $150 million financing: Ripple previously committed $150 million to support LMAX Group’s growth strategy.
⚠️ Pending approval: The planned collateral integration still requires final documentation, testing, regulatory compliance and internal approvals.
📈 Market impact: The move strengthens RLUSD’s institutional adoption prospects, but no direct price impact on XRP is confirmed.
$XRP
#xrp