Standard Chartered adds Ripple USD custody, eyes LMAX collateral deal
đ° Key Takeaways:
âą Standard Chartered has launched custody for Rippleâs RLUSD stablecoin on the XRP Ledger, expanding its institutional crypto offerings.
âą The bank plans to allow institutions to use RLUSD as trading collateral, potentially easing regulatory compliance and liquidity constraints for crypto derivatives.
âą 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.
đ„ 24H Top Futures Gainers:
âą $W (+82.2%) â Price: 0.0316
âą $RSR (+44.4%) â Price: 0.002301
âą $PLUME (+19.8%) â Price: 0.0229
#CryptoNews #BinanceFutures #MarketMovers
đ° Key Takeaways:
âą Standard Chartered has launched custody for Rippleâs RLUSD stablecoin on the XRP Ledger, expanding its institutional crypto offerings.
âą The bank plans to allow institutions to use RLUSD as trading collateral, potentially easing regulatory compliance and liquidity constraints for crypto derivatives.
âą 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.
đ„ 24H Top Futures Gainers:
âą $W (+82.2%) â Price: 0.0316
âą $RSR (+44.4%) â Price: 0.002301
âą $PLUME (+19.8%) â Price: 0.0229
#CryptoNews #BinanceFutures #MarketMovers