
#StandardCharteredRLUSD
About StandardCharteredRLUSD
On Oct 12, Standard Chartered announced institutional custody for Ripple’s USD stablecoin RLUSD. It plans to expand institutional trading and collateral management with Ripple and LMAX Group, pending testing and approval. Stablecoins are integrating with traditional finance. US FASB has also proposed clarifying whether qualifying stablecoins can be classified as cash equivalents; consultation is ongoing. Custody, trading and accounting frameworks for institutional adoption are taking shape.
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