Standard Chartered Opens Dubai Vaults to Ripple’s RLUSD Stablecoin

Global banking giant Standard Chartered announced institutional support for Ripple USD (RLUSD) in Dubai as financial firms continue their stablecoin drive. The bank is also working on a partnership between LMAX Group and Ripple to let customers use RLUSD as eligible collateral. In a recent press release, the bank disclosed new digital asset services for institutional clients and an ongoing plan still in development. Standard Chartered will offer a dollar-pegged asset to institutional investors in Dubai, allowing them to trade without a centralized exchange. The DIFC branch offers the service and handles a key part of institutional crypto trading .