Standard Chartered begins holding Ripple's RLUSD stablecoin in Dubai
The bank has launched custody for the stablecoin in the United Arab Emirates city, extending earlier digital asset holdings. XRP is not part of the arrangement.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
Standard Chartered has introduced custody of Ripple's RLUSD stablecoin in Dubai. The move follows the bank's recent expansion of digital asset custody services into Singapore, Hong Kong, and Luxembourg. XRP is not included in the deal.
Why it matters
The custody service gives traders a way to hold the stablecoin with a major bank. A link with LMAX is also expected, according to one report.
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