Standard Chartered now offers Ripple USD custody and aims to enable its use as collateral for LMAX trading products. XRP (XRP) is trading at $1.40. This is an original TLT brief synthesising 2 outlets (Cointelegraph, The Block), plus live market data, as of Mon, 12 Oct 2026 10:45:03 UTC.

Why it matters

This development highlights growing institutional adoption of stablecoins and the integration of crypto assets into traditional financial services. It also strengthens the utility of Ripple's ecosystem and could increase demand for RLUSD.

Covered by 2 outlets over about 4 min — TLT synthesises them all into one brief

Oct 12 09:30 UTCCointelegraph
Standard Chartered adds Ripple USD custody, eyes LMAX collateral deal ↗
Oct 12 09:35 UTCThe Block
Standard Chartered launches custody for Ripple’s RLUSD on XRP Ledger ↗

Key takeaways

Standard Chartered launches Ripple USD (RLUSD) custody services on XRP Ledger.
RLUSD could be used as collateral for LMAX trading products.
RLUSD has a $2.45B circulating supply, according to DeFiLlama.

What the reporting agrees on

Both Cointelegraph and The Block report that Standard Chartered has launched custody services for Ripple's RLUSD stablecoin on the XRP Ledger. They also agree that the bank is working with Ripple and LMAX Group to enable RLUSD as collateral for certain LMAX products. However, The Block provides more specific detail about the 'collateral mirroring model' being used for this integration, while Cointelegraph focuses on the custody aspect.

Standard Chartered has announced the launch of custody services for Ripple's RLUSD stablecoin on the XRP Ledger. This move is part of the bank's broader strategy to expand its digital asset offerings and provide institutional clients with secure storage solutions for cryptocurrencies.

In addition to custody services, Standard Chartered is working with Ripple and LMAX Group to enable RLUSD as collateral for certain trading products offered by LMAX. This integration is expected to be facilitated through a collateral mirroring model, which would allow institutions to use their RLUSD holdings as collateral for trading activities.

The collaboration between Standard Chartered, Ripple, and LMAX Group underscores the increasing integration of cryptocurrencies into traditional financial systems. It also highlights the growing demand for stablecoins as a reliable medium of exchange and store of value within the crypto ecosystem.

According to DeFiLlama, the circulating supply of RLUSD is currently $2.45 billion, indicating a significant market presence for the stablecoin. This development could potentially drive further adoption of RLUSD and increase its utility within the financial sector.

In the broader market context, the total crypto market cap stands at $2.9 trillion, with Bitcoin showing a modest 24-hour gain of 0.61%. The Fear & Greed Index is at 69, indicating a 'Greed' sentiment among investors. XRP, the native token of the XRP Ledger, is trading at $1.4 with a 24-hour increase of 0.89%.

Market reaction since this brief Live

Since this brief published about 1 hour ago, XRP (XRP) has moved from $1.40 to $1.40 — +0.00%.

BeforeSince publishPublished · $1.40

Coin	At publish	Now	Since publish
XRP	$1.40	$1.40	0.00%
RLUSD	$1.00	$1.00	0.00%

The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.

What this means in naira

At today's peer-to-peer rate, 1 XRP ≈ ₦1,912.21 (about $1.40), up 1.0% over 24 hours. The naira itself trades about 2.7% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.

XRP price in naira → · Dollar-to-naira rate →

Live market data

Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.

XRP

$1.40 ▲ 0.97%

7d -7.29%MCap $88.53BFull XRP data →

Ripple USD

RLUSD

#46

$1.00 ▲ 0.02%

7d +0.02%MCap $2.45BFull RLUSD data →

The market when this published · October 12, 2026

Total market cap$2.90T

Bitcoin 24h+0.61%

Ethereum 24h+2.26%

BTC dominance57.8%

Fear & Greed69 · Greed

On-chain & primary-source check

Figures and sectors in this story, checked live against on-chain aggregators · October 12, 2026.

RLUSD circulating supply$2.45BDeFiLlama ↗

SectorDeFi lending$53.31Bacross 62 protocolsDeFiLlama ↗

Bitcoin DeFi TVL$4.47BDeFiLlama ↗

TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.

Standard Chartered Expands Crypto Services with Ripple USD C — questions & answers

What is RLUSD and why is it important?

RLUSD is Ripple's USD-backed stablecoin with a $2.45B circulating supply. Its custody and collateral use could boost institutional adoption.

How does Standard Chartered's move affect XRP?

The integration of RLUSD custody on XRP Ledger could increase XRP utility and potentially support its price.

What is the significance of the LMAX partnership?

The partnership allows RLUSD to be used as collateral for LMAX trading products, enhancing its value proposition.

How much is 1 XRP worth in naira today?

About ₦1,912.21 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.40. The naira price moves with both XRP's US-dollar price and the USDT/NGN rate; use our XRP in naira page for any amount.

Which outlets reported this story?

This is an original TLT brief that synthesises reporting from Cointelegraph, The Block, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.

In this storyRipple CompanyStandard Chartered Company

#Regulation #DeFi #Stablecoins #Institutional #Exchanges

TLT Newsdesk Data-stamped

TLT's newsdesk writes original briefs by synthesising coverage from across the crypto press — 50+ outlets including CoinDesk, The Block, Decrypt and Cointelegraph — cross-checking the figures they report — and verifying them against on-chain data from DeFiLlama and mempool.space — plus live market context (CoinGecko, Binance). We summarise and link to every source; we never reproduce full articles. Read our editorial standards and how we use AI. Not financial advice.

Market data verified against CoinGecko & Binance · October 12, 2026 ⛓ Timestamped at Bitcoin block #971,080 sha256:bc99221c6e5f7a56

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Corroborated across 2 outlets, reported over about 4 min — this is an original TLT summary with live market data, not the original article.Cointelegraph · Oct 12 09:30 ↗The Block · Oct 12 09:35 ↗

Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.