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Standard Chartered Launches Custody Services for Ripple's RLUSD Stablecoin in Dubai

2 reports, 2 independent Updated Mon 00:00

Still developing Reached 2 outlets in its first 24 hours

Reports: 2
Developments: 1
Repetition: 50%

New informationRepeats or wire copies

AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Standard Chartered has rolled out custody services for Ripple's stablecoin, RLUSD, through its Dubai branch. The stablecoin operates on Ethereum and competes directly with Tether's USDT. The bank is also planning a partnership with LMAX Group to allow institutional clients to use RLUSD as collateral on LMAX's trading platform. This arrangement specifically excludes XRP.

From aol.com

Why it matters

Some supportBrind's analysis of the reports

The custody deal channels all collateral demand to Ripple's stablecoin. While traders treated the news as a non-event, the arrangement reinforces Ripple's stablecoin adoption. The stablecoin's growth does not require or reward the XRP Ledger.

From aol.com

Who's involved

Standard CharteredProvides custody services for Ripple's stablecoin through its Dubai branch.
RippleCreator and developer of the Ripple payment protocol and exchange network.
EthereumPublic blockchain platform used by the RLUSD stablecoin.
DubaiLocation where Standard Chartered is providing the custody services.

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

EthereumSpeculative
Ethereum could see increased demand and usage for the network from institutional custody.

Possible ripples

Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.

Keep exploring

The entities involved

Ripple
creator and a developer of the Ripple payment protocol and exchange network.
- A combined company is expected to list on Nasdaq, while Evernorth is building a treasury focused on the XRP economy.Mon 16:12
- Chainlink and Ripple are noted as competing altcoins for investor capital.Sun 11:51
Standard Chartered
British financial company
- Standard Chartered hosted races and a marathon in Mombasa at Uhuru Gardens on October 12, 2026.Mon 07:17
- In 1995, operational decisions were made regarding NNPC, including pushing block sales to revive underperforming fields, signing orders stripping fee deduction power, and appointing a transaction advisor.Sun 04:05
Ethereum
public blockchain platform with programmable transaction functionality
- Analysts Tom Lee and Mark Newton provided valuations and technical views on Ethereum, comparing its value to Bitcoin ratios.17:05
- XRPL competes in tokenization and payments.05:49

Related events

MoneyGram chose Circle's USDC for payments, amidst intense stablecoin market competition and the dissolution of past partnerships.Sep 12

Coverage

Newest first; wire copies grouped

Mon 00:00aol.com
Mon 00:00investinglive.com