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Standard Chartered starts holding RLUSD for clients as activity on the XRP Ledger increases.

DealRead the original at Benzinga
Neutral

Standard Chartered began storing Ripple’s RLUSD on the XRP Ledger, and ledger activity grew. The story says this does not necessarily mean more demand for XRP, leaving its outlook unchanged.

XRP · Ripple

AI read · Neutral

The AI's read

More RLUSD activity could bring more use to the XRP Ledger, where XRP pays transaction fees. But the story says RLUSD activity may not raise demand for XRP, and does not report more use of XRP itself. That leaves XRP's outlook unchanged.

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