Standard Chartered Opens Dubai Vaults to Ripple’s RLUSD Stablecoin
Photo: ZyCrypto
Global banking giant Standard Chartered announced institutional support for Ripple USD (RLUSD) in Dubai as financial firms continue their stablecoin drive. The bank is also working on a partnership between LMAX Group and Ripple to let customers use RLUSD as eligible collateral. In a recent press release, the bank disclosed new digital asset services for institutional clients and an ongoing plan still in development. Standard Chartered will offer a dollar-pegged asset to institutional investors in Dubai, allowing them to trade without a centralized exchange. The DIFC branch offers the service and handles a key part of institutional crypto trading .
Source: ZyCrypto
