🔥 Banking giant Standard Chartered has officially launched an institutional custody service (secure safekeeping) for Ripple’s new stablecoin $XRP USD ($RLUSD )!
The service is built on the $XRP Ledger blockchain (XRPL) through the bank’s Dubai branch (DIFC), which is strictly regulated by the DFSA. Now major funds and whales can officially hold Ripple’s stablecoin on the balance sheet of a real traditional bank.
But the most interesting details are still to come. Here are 3 key insights about this event that you need to know right now:
1. Standard Chartered won’t just keep the coins in custody. The bank has partnered with Ripple and major institutional trading platform LMAX Group.
2. According to the RWA Foundation, RLUSD’s market capitalization grew by $765.3 million in the third quarter of 2026! In terms of quarterly growth, Ripple’s stablecoin was surpassed only by Circle’s giant USDC. The token’s total market capitalization is now close to $2.5 billion, making it a very large asset.
3. Although this is a huge step toward the adoption of #Ripple technologies by banks, the XRP cryptocurrency was left out of the agreement.
What do you think? Will this help #xrp itself grow in the future?
#CryptoNewss #RWA
The service is built on the $XRP Ledger blockchain (XRPL) through the bank’s Dubai branch (DIFC), which is strictly regulated by the DFSA. Now major funds and whales can officially hold Ripple’s stablecoin on the balance sheet of a real traditional bank.
But the most interesting details are still to come. Here are 3 key insights about this event that you need to know right now:
1. Standard Chartered won’t just keep the coins in custody. The bank has partnered with Ripple and major institutional trading platform LMAX Group.
2. According to the RWA Foundation, RLUSD’s market capitalization grew by $765.3 million in the third quarter of 2026! In terms of quarterly growth, Ripple’s stablecoin was surpassed only by Circle’s giant USDC. The token’s total market capitalization is now close to $2.5 billion, making it a very large asset.
3. Although this is a huge step toward the adoption of #Ripple technologies by banks, the XRP cryptocurrency was left out of the agreement.
What do you think? Will this help #xrp itself grow in the future?
#CryptoNewss #RWA