Standard Chartered launches custody for Ripple’s RLUSD on XRP Ledger
🔍 Executive Brief:
Standard Chartered has launched custody for Ripple’s RLUSD on the XRP Ledger, partnering with Ripple and LMAX Group to allow RLUSD to serve as collateral under LMAX’s collateral mirroring model. This move positions RLUSD as a new, regulated digital asset that can be seamlessly integrated into institutional trading and risk management workflows.
📊 Trader Lens & Market Flow:
The introduction of RLUSD custody is likely to inject additional liquidity into the XRP ecosystem, potentially easing funding costs for futures and other derivatives that rely on RLUSD as collateral. Institutional demand for a regulated, ledger‑backed stablecoin may boost open interest in LMAX products and encourage broader adoption of XRP‑based collateral, tightening market structure and reducing volatility in related futures contracts.
⚡ 24H Futures Momentum Leaders:
• $GTC (+60.1%) — Price: 0.2894
• $W (+55.8%) — Price: 0.0272
• $RSR (+43.7%) — Price: 0.002282
#TrendingTopic #Write2Earn #XRP
🔍 Executive Brief:
Standard Chartered has launched custody for Ripple’s RLUSD on the XRP Ledger, partnering with Ripple and LMAX Group to allow RLUSD to serve as collateral under LMAX’s collateral mirroring model. This move positions RLUSD as a new, regulated digital asset that can be seamlessly integrated into institutional trading and risk management workflows.
📊 Trader Lens & Market Flow:
The introduction of RLUSD custody is likely to inject additional liquidity into the XRP ecosystem, potentially easing funding costs for futures and other derivatives that rely on RLUSD as collateral. Institutional demand for a regulated, ledger‑backed stablecoin may boost open interest in LMAX products and encourage broader adoption of XRP‑based collateral, tightening market structure and reducing volatility in related futures contracts.
⚡ 24H Futures Momentum Leaders:
• $GTC (+60.1%) — Price: 0.2894
• $W (+55.8%) — Price: 0.0272
• $RSR (+43.7%) — Price: 0.002282
#TrendingTopic #Write2Earn #XRP