Standard Chartered Will Hold Ripple's Stablecoin in Dubai—And Let Clients Trade With It Without Moving It

60-second summary

Standard Chartered’s Dubai branch begins custodial service for Ripple’s RLUSD stablecoin, allowing clients to hold the token without transferring it and to use it as collateral through an upcoming integration with LMAX; the bank’s move signals growing institutional acceptance of regulated stablecoins, potentially boosting RLUSD demand and encouraging broader crypto‑backed financing in the Middle‑East market.