Standard Chartered Adds RLUSD Custody, Plans Collateral Use
Standard Chartered has introduced custody for Ripple’s RLUSD on the XRP Ledger and plans to enable institutional use of the stablecoin as trading collateral.
Standard Chartered has expanded its custody offering to include Ripple’s RLUSD stablecoin on the XRP Ledger, according to Cointelegraph.
The bank also plans to allow institutional clients to use RLUSD as collateral for trading. That would extend its role beyond holding the tokens.
The planned collateral offering involves a potential deal with LMAX. The report did not specify when the arrangement would become available.
Source: Cointelegraph
