Standard Chartered Launches RLUSD Custody in Major XRP Development

 Visit this link to make money with cryptos with our Expert trading team and get a chance to win Free bitcoin and other cryptocurrencies – https://telegram.me/btctradingclub

The massive banking organization has taken another step into digital assets by launching institutional custody for Ripple USD on the XRP Ledger.

Standard Chartered has launched institutional custody support for Ripple’s native stablecoin and is working with the company and LMAX Group on a broader collateral integration aimed at bringing the asset deeper into institutional trading.

The service is now live through the bank’s DIFC Branch in Dubai, which is regulated by the Dubai Financial Services Authority, and allows eligible clients access to Standard Chartered’s digital asset custody infrastructure.

The banking behemoth wants to make RLUSD eligible collateral for selected LMAX products and services, and the current planned structure indicates that Standard Chartered would extend its mirroring model to the latter.

If successful, this would allow the value of the stablecoin held in custody to be reflected at the trading venue without requiring the underlying assets themselves to be transferred there.

The parties involved in the new collaboration argued that this setup could reduce transfer-related operational risk, improve counterparty exposure management, and make institutional capital more efficient.

“RLUSD was built for exactly this kind of institutional use case. Our customers want the efficiency of a regulated stablecoin without giving up the custody standards they already trust. Bringing together RLUSD on the XRP Ledger, Standard Chartered’s custody capabilities and LMAX Group’s institutional trading infrastructure creates a practical path for institutions to put stablecoins to work across global markets,” said Jack McDonald, SVP, Stablecoins, Ripple.

As you can clearly see that the profits in Our group are steady and consistent.

These are decent and steady profit on day to day basis. We are the experts for Binance Futures Signals & Cornix trading Bot. We use various strategies, parameters, average range and fundamental analysis to send daily Binance Signals.

Please click on the above link for more details.

Comments

Post a Comment

Popular posts from this blog

UAE: The New Hub for Crypto Millionaires

Image
Get Daily altcoins signals and trade with the professionals trading strategy – https://telegram.me/binancefuturesignal The UAE is attracting a global wave of crypto millionaires with zero-tax profits, regulatory clarity and elite residency perks. With no personal income or capital gains tax and recent VAT exemptions on crypto transactions, the UAE provides an unmatched financial incentive for crypto investors. Dubai’s VARA and Abu Dhabi’s FSRA lead with retail and institutional frameworks, while RAK, Sharjah and others are developing tailored zones and policies for Web3 innovation. Free zones like DMCC, ADGM and DIFC offer business-ready ecosystems, while high-speed internet, 5G and cloud services make the UAE a plug-and-play hub for crypto firms. The Golden Visa, safety, global connectivity and smart city living combine to offer crypto millionaires not just financial freedom but a secure, luxurious home base. 30% Profit made on #BTC/USDT Thinking of using Cornix trading bot? If yes, t...
Read more

BTC Recovery Could Stall Despite Profit Surge

Image
  Visit the link and get free insights on the Crypto trading signals, profitable Alt coins and Automated Bot trading – https://telegram.me/binancefuturesignal Bitcoin supply profitability improved versus its 2026 low, but analysis warned that a fake recovery had already broken down at the start of June. Bitcoin (BTC) investors are back in aggregate profit, but onchain data suggests it’s too early to confirm a new bull market. Bitcoin supply profitability is improving, but the trend must prove its staying power before confirming a market recovery, says CryptoQuant. Supply in profit is now approaching 60%, up from its 2026 low near 46% less than a month ago. Long-term holder onchain losses continue to dominate — a caveat in a bullish recovery. Bitcoin profit metrics risk second false breakout According to onchain analytics platform CryptoQuant, Bitcoin supply in profit rebounded above the 50% mark in July. “Bitcoin’s Supply in Profit (%), the share of...
Read more

Bitcoin Correction Triggers Divergence Between Big and Small Holders

Image
Visit the link to secure consistent profits in Binance Futures trading. Get free Bitcoin trading signals and use the Cornix trading bot for the best automated trades:  https://telegram.me/btctradingclub. Here's who has been buying and who has been selling throughout BTC's most recent retracement. Bitcoin’s price movements since early October can safely be categorized as bearish, given the fact that the asset shed over 50% of its value from its all-time high to its multi-year low of $60,000 marked on February 6. Although it has recovered some ground since then, the cryptocurrency is deep in the red even on a year-to-date scale. Santiment investigated which investor group sold off during the months-long correction, and which increased their positions. Who’s Selling and Buying? The post from the analytics company reveals an interesting pattern. It reads that wallets holding between 10 and 10,000 bitcoins have reduced their positions by 0.8% since the October peak. In contrast, mic...
Read more