According to Cointelegraph, Standard Chartered has launched custody services for Ripple’s RLUSD stablecoin on the XRP Ledger. The bank enables institutions to hold RLUSD through its custody platform.
Standard Chartered also indicated that it is exploring the possibility of allowing institutions to use RLUSD tokens as collateral in trading activities. No details were provided regarding timelines, scope, or partners involved in the potential collateral arrangement.
