XRP rebounds from $1.32 as Standard Chartered adds RLUSD custody

Key takeaways XRP bounced from $1.32 following news of Standard Chartered’s involvement in an RLUSD custody arrangement. The deal with Ripple and LMAX would allow institutional clients to place RLUSD with the bank. XRP ETFs have attracted around $12 million this month, pointing to substantially weaker inflows than September. XRP rebounded from support at $1.32 as investors assessed a custody arrangement involving Standard Chartered, Ripple and institutional trading firm LMAX Group. Announced Monday, the deal would allow LMAX customers to place Ripple USD (RLUSD) with Standard Chartered, adding bank custody capabilities to their stablecoin activities.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinJournal.