Standard Chartered launched a custody service for Ripple’s stablecoin USD (RLUSD) in October 2026, marking Ripple’s entry onto Wall Street with a product now distinct from the XRP token. RLUSD’s market capitalization has reached $2.41 billion, ranking 39th among global stablecoins, close behind PayPal USD ($2.9 billion). SC Ventures (Standard Chartered’s venture arm), Ripple, and Circle jointly invested in the OKX platform during a funding round that valued the company at $25 billion. Santiment analysts believe Ripple can now attract major financial institutions without XRP’s price benefiting. RLUSD’s multichain nature and its use as a simple settlement instrument deprive XRP of its role as the ecosystem’s exclusive fuel, redirecting Ripple toward managing fiat reserves and collecting infrastructure fees.
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