Standard Chartered’s Dubai branch now offers institutional custody for Ripple’s RLUSD on the XRP Ledger. A planned LMAX integration could let clients trade against the stablecoin without transferring it to the venue.

  • RLUSD market cap has reached roughly $2.45B.
  • The token remains below 1% of the approximately $306B stablecoin market.
  • Under collateral mirroring, RLUSD stays at Standard Chartered while LMAX credits its value for eligible trades.

LaunchBar take: this is serious stablecoin plumbing, not another exchange listing. If the LMAX rollout lands, RLUSD gains utility as reusable institutional collateral—watch liquidity, spreads, and XRP ecosystem flows before the crowd prices in the next leg.