Summary
- Standard Chartered launches RLUSD custody on XRPL
- RLUSD market cap hits $2.37B
- XRP shows rebound momentum
Standard Chartered launched institutional custody for RLUSD on the XRP Ledger on October 12 2026. The service gives traditional finance clients direct access to Ripple's stablecoin through established banking infrastructure.
This step marks a clear bridge between RLUSD and conventional finance channels. It arrives as RLUSD's market cap reaches $2.37 billion and XRP displays rebound momentum above key support levels.
"Standard Chartered launched RLUSD custody on XRPL."
, Standard Chartered (Source)
Context
RLUSD custody on XRPL matters because it lets banks and institutions hold and manage the stablecoin without new intermediaries. Standard Chartered's move follows Ripple's broader push to integrate RLUSD into existing financial systems.
The timing aligns with rising institutional interest in stablecoins for settlement and collateral.
DriveWealth has already partnered with Ripple to use RLUSD for settlement in Europe.
Details
Standard Chartered's custody support for RLUSD on XRPL is now live. The bank is also working with Ripple and LMAX Group on planned collateral integration.
DriveWealth will route RLUSD on the XRP Ledger for settlement tasks starting in Europe. Ripple Payments will handle incoming cross-border transfers in the same setup.
Ethena USDe has grown to a $5.9-6.3 billion market cap as the leading yield-bearing stablecoin. RLUSD remains a non-yield option focused on stability and institutional access. XRP has still slid 46 percent year-to-date despite these RLUSD developments.
Outlook
Standard Chartered's custody service positions RLUSD for further institutional use on XRPL. Watch for additional bank integrations and settlement volume growth in the coming months.