Standard Chartered announced the launch of custody services for the RLUSD stablecoin issued on the XRP Ledger, available through its Dubai International Financial Centre Branch under Dubai Financial Services Authority oversight. The bank partnered with LMAX Group to enable institutional clients to use their RLUSD held in custody for trading without moving the underlying assets. RLUSD ranks as the ninth-largest stablecoin with a market capitalization of $2.447 billion, within a total stablecoin market of $306.225 billion. This offering extends Standard Chartered’s digital asset services to four markets: the UAE, Luxembourg, Hong Kong, and Singapore.
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