Ripple USD (RLUSD) is a U.S. dollar-backed stablecoin issued by Ripple, providing stability and utility within the digital asset ecosystem.
| Symbol | RLUSD |
| Peg | USD |
| Backing | Fiat backed |
| Status | Active |
| Launched | 2024 |
| Networks | L1 EVM Ethereum L1 non EVM XRP Ledger |
| Specifications | 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 |
| Use cases | Payments, Trading, Remittances |
| Mint and redeem | Direct RLUSD minting and redemption with Ripple is limited to onboarded enterprise institutional customers that satisfy bank-level KYC, AML and sanctions screening. An institutional customer mints by depositing USD from an onboarded bank account; after compliance checks, Ripple issues the corresponding RLUSD and transfers the fiat into the reserve. For redemption, an institutional customer sends RLUSD to Ripple's redemption wallet; after compliance checks the RLUSD is burned and USD is settled through partner banks to the customer's bank account. Ordinary retail users can acquire RLUSD through exchanges and on-ramps but cannot redeem directly with Ripple unless they become an eligible Ripple customer. No public minimum mint or redemption amount is stated in the cited documentation. |
| Regulatory status | Jurisdiction United States - New York · License type New York Banking Law limited purpose trust company charter · Status Licensed · Issued 2021 |
| Chain | Address |
|---|---|
| Ethereum | 0x8292bb45bf1ee4d140127049757c2e0ff06317ed |
| XRP | 524C555344000000000000000000000000000000.rMxCKbEDwqr76QuheSUMdEGf4B9xJ8m5De |
Ripple USD (RLUSD) is a stablecoin launched by Ripple, fully backed by U.S. dollar deposits and other cash equivalents, ensuring stability and transparency.
RLUSD is redeemable on a 1:1 basis for U.S. dollars and is available on both the XRP Ledger and Ethereum blockchains.
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.
Ripple USD (RLUSD) is a U.S. dollar-backed stablecoin issued by Ripple, providing stability and utility within the digital asset ecosystem.
U.S. dollar deposits, short-term U.S. government treasuries, and other cash equivalents.
RLUSD is recorded on 2 networks, including Ethereum, XRP Ledger.
RLUSD has a market capitalization of $2.6B as of 29 October 2026.