RLUSD
Ripple USD
active
Fiat Backed
USD
Market Cap $1.4B
Ripple USD (RLUSD) is a U.S. dollar-backed stablecoin issued by Ripple, providing stability and utility within the digital asset ecosystem.
Key Data
| Backing | U.S. dollar deposits, short-term U.S. government treasuries, and other cash equivalents. |
| Auditor | An independent Certified Public Accountant (CPA) licensed in the United States. |
| Reserve Reporting | Monthly reserve reports are published, typically available within 30 days after the end of each month. |
| Redemption | RLUSD is redeemable on a 1:1 basis for U.S. dollars. |
| KYC Required | Yes |
| Peg Currency | USD |
| Launched | 2024 |
Supported Networks
L1 EVMEthereum
L1 non-EVMXRP Ledger
Cross-Chain Supply (DefiLlama · $1.4B total)
Use Cases
PaymentsTradingRemittances
Overview
Ripple USD (RLUSD) is a stablecoin launched by Ripple, fully backed by U.S. dollar deposits and other cash equivalents, ensuring stability and transparency.
How It Works
RLUSD is redeemable on a 1:1 basis for U.S. dollars and is available on both the XRP Ledger and Ethereum blockchains.
Reserve Backing
Each RLUSD token is backed by U.S. dollar deposits, short-term U.S. government treasuries, and other cash equivalents, with monthly attestations by an independent CPA.
Supported Networks
RLUSD is supported on the XRP Ledger and Ethereum blockchains, offering flexibility for various financial use cases.
Other USD Stablecoins
Data source: CoinGecko ↗