Standard Chartered begins custodying RLUSD on XRP Ledger
- —Custody runs through Standard Chartered's DIFC branch under DFSA regulation
- —The LMAX collateral-mirroring model still needs testing, legal review and approvals
- —XRP itself is not named in the deal; it is used only for reserves and network fees
- —Links to XRP-backed lending and Ripple prime brokerage remain analyst interpretation
Why it matters: Bank-grade custody for RLUSD broadens institutional stablecoin infrastructure, though the near-term effect on XRP is limited.
Source: DailyCoin
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