Standard Chartered Will Hold Ripple's Stablecoin in Dubai—And Let Clients Trade With It Without Moving It

Standard Chartered will now hold Ripple’s dollar-pegged stablecoin for institutional clients in Dubai, and it wants to let them trade with those tokens without ever handing them over to an exchange. “Standard Chartered today announced that it now supports institutional custody of Ripple USD (RLUSD) issued on the XRP Ledger (XRPL), giving eligible clients access to the Bank’s digital asset custody infrastructure. The service is available through Standard Chartered Bank’s DIFC Branch, which is regulated by the Dubai Financial Services Authority (DFSA).” the British bank announced Monday Custody is the unglamorous plumbing of finance: a regulated institution keeps your asset…