Standard Chartered has launched custody for Ripple’s RLUSD stablecoin on the XRP Ledger and plans to let institutions use the tokens as trading collateral.
Originally published by cointelegraph.com →
ITC take
Custody from a global bank like Standard Chartered gives institutions a familiar place to hold Ripple’s RLUSD stablecoin on the XRP Ledger. The plan to accept the tokens as trading collateral is the part to watch, since it would put the stablecoin to work rather than just store it. For crypto readers, it shows banks building services around stablecoins, not only studying them. More project news is in our Altcoin News section.
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