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Ripple

Ripple Labs, Inc. is a private American technology company specializing in enterprise blockchain solutions for global payments. Their main stablecoin is Ripple USD (RLUSD).

HeadquartersSan Francisco, United States
Founded2012
CEOBrad Garlinghouse
StagePrivate
FoundersChris Larsen, Jed McCaleb
Key InvestorsCitadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard, Marshall Wace
Websiteripple.com ↗
X@Ripple ↗
LinkedInripple ↗
GitHub@ripple ↗

Products

RLUSD active $1.4B
Ripple USD
Fiat Backed

Ripple USD (RLUSD) is a U.S. dollar-backed stablecoin issued by Ripple, providing stability and utility within the digital asset ecosystem.

Ripple Labs, Inc., commonly known as Ripple, is a private American technology company specializing in enterprise blockchain solutions for global payments. Founded in 2012 by Chris Larsen and Jed McCaleb, the company is headquartered in San Francisco, United States, and led by CEO Brad Garlinghouse.

By late 2024, Ripple held over 75 licenses and registrations worldwide, reinforcing its compliance-first strategy. In August 2025, the SEC's appeals were dismissed with the $125 million penalty left intact.

Regulatory Status

United States / New York
NYDFS approval for RLUSD issuance by Standard Custody & Trust Company, LLC
licensed2024

Funding

RoundAmountYear
Series C$200M2019

Frequently Asked Questions

What stablecoin does Ripple issue?
Ripple issues Ripple USD, or RLUSD, a U.S. dollar-denominated stablecoin. Ripple announced that RLUSD would become available on global exchanges on 17 December 2024, and RLUSD has market capitalization of $1.4B as of 1 July 2026.
How is RLUSD backed?
Ripple states that RLUSD is fully backed by a segregated reserve of cash and cash equivalents and is redeemable 1:1 for U.S. dollars. Ripple also publishes monthly reserve reports conducted by an independent third-party accounting firm.
What chains is RLUSD available on?
Ripple states that RLUSD is natively issued on the XRP Ledger and Ethereum blockchains. This initial two-chain architecture reflects Ripple's positioning of RLUSD for institutional payments and on-chain liquidity.
Is RLUSD regulated by NYDFS?
Major financial media reported in December 2024 that Ripple received New York Department of Financial Services approval for RLUSD before launch. Public reserve reports also reference NYDFS guidance for U.S. dollar-backed stablecoins.

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