Ripple Expands RLUSD Custody With Standard Chartered
Photo: Crypto Front News
Ripple’s reported 1 billion XRP escrow release does not mean the full amount entered circulation or reached cryptocurrency exchanges. Standard Chartered has launched RLUSD custody through its regulated DIFC branch, giving eligible institutions access to bank-backed asset protection. Ripple, Standard Chartered and LMAX are preparing a collateral arrangement for eligible RLUSD holdings across institutional trading services. RLUSD custody is gaining institutional support as Ripple manages XRP escrow releases and expands stablecoin services. Standard Chartered has launched custody support, while a separate collateral arrangement remains under development.
Source: Crypto Front News
