Standard Chartered Reportedly Launches Custody Services for Ripple's $2.44B RLUSD Stablecoin

Standard Chartered has reportedly launched custody services supporting Ripple's RLUSD stablecoin on the XRP Ledger, marking another potential step toward integrating regulated banking infrastructure with blockchain-based financial products.
RLUSD is a US dollar-denominated stablecoin designed to maintain a one-to-one value with the dollar. The supplied report places its market capitalization at approximately $2.44 billion, although that figure requires confirmation against current supply data.
Institutional custody services are intended to provide secure asset storage and operational controls for eligible financial clients, potentially making it easier for businesses to interact with tokenized assets and stablecoin infrastructure.
The XRP Ledger supports digital asset issuance and transfers, making it one of the networks relevant to Ripple's broader stablecoin and payments strategy.
The reported custody launch and exact service scope require confirmation through official announcements from Standard Chartered and Ripple. If verified, the development could strengthen institutional access to RLUSD while supporting broader adoption of regulated stablecoin services.