Standard Chartered’s Dubai International Financial Centre branch now offers institutional custody of Ripple’s RLUSD stablecoin issued on the XRP Ledger. The bank plans an integration with LMAX Group to let clients use RLUSD as trading collateral through collateral mirroring, where tokens stay held at the bank. With a market cap of approximately $2.45 billion, RLUSD represents under 1% of a stablecoin market worth about $306 billion. The service received Dubai regulatory approval in June 2025 but is not yet live, remaining subject to final documentation, testing and regulatory approvals.
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