Standard Chartered adds Ripple USD custody, eyes LMAX collateral deal
📰 Key Takeaways:
• Standard Chartered has launched custody for Ripple’s 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.
💡 Market Impact:
The announcement is likely to enhance RLUSD’s liquidity and attract more institutional traders, while reinforcing the XRP Ledger’s position as a viable platform for regulated stablecoin custody and collateral use.
🔥 24H Top Futures Gainers:
• $W (+82.2%) — Price: 0.0316
• $RSR (+44.4%) — Price: 0.002301
• $PLUME (+19.8%) — Price: 0.0229
#CryptoNews #BinanceFutures #MarketMovers
📰 Key Takeaways:
• Standard Chartered has launched custody for Ripple’s 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.
💡 Market Impact:
The announcement is likely to enhance RLUSD’s liquidity and attract more institutional traders, while reinforcing the XRP Ledger’s position as a viable platform for regulated stablecoin custody and collateral use.
🔥 24H Top Futures Gainers:
• $W (+82.2%) — Price: 0.0316
• $RSR (+44.4%) — Price: 0.002301
• $PLUME (+19.8%) — Price: 0.0229
#CryptoNews #BinanceFutures #MarketMovers