$2.41 billion RLUSD: Standard Chartered takes custody as MiCA approval is still missing in the EU

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Standard Chartered started institutional custody for Ripple's stablecoin RLUSD on the XRP Ledger on 12 October, supervised by the regulator in Dubai. In the European register of e-money tokens, RLUSD is still absent. One of the world's largest trading banks now holds a stablecoin that is hard to buy through regulated channels in Europe. Standard Chartered began institutional custody for Ripple USD, or RLUSD, on 12 October 2026, and specifically on the XRP Ledger. The mandate sits with the bank's branch in the Dubai International Financial Centre, which is supervised by the Dubai Financial Services Authority. For retail investors in Europe, availability does not change in the short term. What the move does show is where RLUSD is regulated today and where it is not: in Dubai and New York, not in the European Union. A stablecoin is a crypto asset whose price is pegged to a currency, here the US dollar. RLUSD is issued by Ripple, the company behind XRP. The dollar peg does not hold ...