Standard Chartered launches custody for Ripple's RLUSD on XRP Ledger, The Block reports
CIE News ·
Standard Chartered has launched custody support for Ripple's RLUSD stablecoin on the XRP Ledger, collaborating with Ripple and LMAX Group to enable collateral use, according to The Block.
Standard Chartered has launched custody services for Ripple's RLUSD stablecoin on the XRP Ledger, according to The Block. The bank is collaborating with Ripple and LMAX Group to integrate the token and allow it to function as collateral for specific products offered by LMAX Group. The integration reportedly operates through Standard Chartered's collateral mirroring model.