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Standard Chartered begins holding Ripple's RLUSD stablecoin, plans institutional trading via LMAX pending approvals.

Market News
21 Oct 2026
Dailycoin
View Source
Bullish
Standard Chartered begins holding Ripple's RLUSD stablecoin, plans institutional trading via LMAX pending approvals.

Standard Chartered has started custody of Ripple's RLUSD stablecoin on the XRP Ledger through its Dubai branch, regulated by the Dubai Financial Services Authority. A proposed 'collateral mirroring' model with trading platform LMAX would allow institutional clients to trade against their RLUSD holdings without transferring collateral to the trading venue. While custody is live, the trading arrangement still requires testing, legal reviews, and regulatory approval before it can operate. This development enhances institutional infrastructure for RLUSD but does not directly increase demand for XRP, as the stablecoin—not XRP—is the main asset involved.

Standard Chartered’s involvement with Ripple's RLUSD stablecoin is presented here alongside Pluang's cryptocurrency market snapshot as of Oct 21, 2026 23:51 WIB. Among 50 major cryptocurrencies, 41 rose and 8 fell today. Bitcoin Cash (BCH) gained 3.77% with a strong buy bias of 77%, contrasting with SushiSwap (SUSHI) which rose 3.60% but saw 99% sell activity, and Stellar (XLM) up 3.52% with 86% sell orders. Typical hold times vary from 69 to 102 days across these assets.

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