DECRYPT · 2026-10-12 21:16 UTC

Standard Chartered Will Hold Ripple's Stablecoin in Dubai—And Let Clients Trade With It Without Moving It

Standard Chartered's Dubai branch now offers institutional custody for Ripple's RLUSD stablecoin on the XRP Ledger. The bank plans to integrate with LMAX Group to let clients use RLUSD as trading collateral through 'collateral mirroring,' where tokens remain at the bank while their value is credited for trading. RLUSD has reached $2.45 billion market cap, representing less than 1% of the $306 billion stablecoin market.

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