Ripple’s Stablecoin Could Become Trading Collateral at LMAX

What changes here RLUSD could remain with Standard Chartered while LMAX recognises its agreed value as collateral for eligible trading products. The planned model keeps the token with its custodian Standard Chartered announced on October 12 that its Dubai International Financial Centre branch now provides institutional custody for RLUSD issued on the XRP Ledger. The service is available to eligible clients through the branch, which operates under Dubai Financial Services Authority regulation.