# XRP Rebounds to $1.37 as Standard Chartered Launches RLUSD Custody on XRP Ledger

- URL: https://stocks.freetheai.org/news/xrp-rebounds-to-1-37-as-standard-chartered-launches-rlusd-custody-on-xrp-ledger-a1b634
- Published: 2026-10-13T17:19:24Z
- Category: crypto; sentiment: bullish; impact: medium
- Symbols: [BITSTAMP:XRPUSD](https://stocks.freetheai.org/symbols/BITSTAMP-XRPUSD), [CRYPTO:RLUSDUSD](https://stocks.freetheai.org/symbols/CRYPTO-RLUSDUSD)
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XRP staged a V-shaped recovery to around $1.37 after dropping to a low of $1.30 during a broader crypto market pullback. The price rebound coincides with expanding institutional interest and growing activity on the XRP Ledger.

In a major development for the network, Standard Chartered announced institutional custody for Ripple USD (RLUSD), the dollar-pegged stablecoin issued on the XRP Ledger. Offered through the bank's branch in the Dubai International Financial Centre, the service integrates with LMAX Group to let eligible institutional clients trade without transferring underlying assets. Alongside this partnership, the supply of RLUSD grew to approximately $2.5 billion, while total real-world asset value on the ledger reached $5.046 billion, ranking it sixth among blockchain networks.

Investors are watching how expanding tokenized assets and yield opportunities influence token utility. Deposits in Doppler Finance's XRP yield vault topped 90 million XRP, worth roughly $125 million, as holders allocate idle tokens to yield-generating products and emerging decentralized finance collateral models.

## Key points

- Standard Chartered launched institutional custody for Ripple USD (RLUSD) through its Dubai branch.
- Tokenized real-world assets on the XRP Ledger reached $5.046 billion, placing the network sixth globally.
- Ripple USD supply grew to approximately $2.5 billion as institutional integration expanded.
- XRP recovered to $1.37 following a dip to $1.30 during a crypto market retracement.
- Doppler Finance yield vault deposits crossed 90 million XRP, valued at around $125 million.

## Questions and answers

### Why did XRP price recover to $1.37?

XRP rebounded alongside key network developments, including Standard Chartered launching institutional custody for Ripple USD and real-world tokenized assets on the XRP Ledger surpassing $5 billion.

### What is Standard Chartered offering for Ripple USD?

Standard Chartered provides institutional custody for Ripple USD through its Dubai International Financial Centre branch, partnering with LMAX Group to allow trading without moving stored assets.

### How much tokenized asset value is on the XRP Ledger?

The XRP Ledger holds $5.046 billion in total real-world asset value, making it the sixth-ranked blockchain network for tokenized assets.