Standard Chartered Custodies Ripple’s RLUSD in Dubai, Plans LMAX Collateral Link

This is less about RLUSD itself than about the custody layer stablecoins need to function as institutional collateral. Standard Chartered and LMAX are building the plumbing that lets a regulated bank hold the asset while it still works in a trade, which is the structural gap that has kept most stablecoins out of mainstream collateral pools. The missing launch date and undisclosed scale are the telling details — this reads as a framework being assembled ahead of demand, not a live product. Whether similar bank-custody arrangements follow is the open question.