$RLUSD (often called Ripple USD) is a stablecoin — a type of cryptocurrency designed to maintain a stable value by pegging it 1:1 to the U.S. dollar. That means 1 RLUSD ≈ $1 USD and its price doesn’t fluctuate like typical cryptocurrencies such as Bitcoin or XRP.
🪙 Key Details
Issuer:
RLUSD is issued by Standard Custody & Trust Company (SCTC), a subsidiary of Ripple Labs, the company behind the XRP token.
Stablecoin Backing:
Every RLUSD token is fully backed 1:1 by U.S. dollar deposits, short-term Treasuries, and cash equivalents, held by regulated custodians. This backing helps it stay pegged to the dollar.
Regulation:
$RLUSD was launched under regulatory approval from the New York Department of Financial Services (NYDFS), giving it “regulated stablecoin” status — an important trust and compliance factor for institutions.
It has also received recognition in other jurisdictions (e.g., approvals in the UAE), which strengthens its global compliance profile.
Blockchain Support:
RLUSD exists on multiple blockchains, notably both the XRP Ledger (XRPL) and as an ERC-20 token on Ethereum. This makes it usable across various decentralized finance (DeFi) platforms and exchanges.
💡 What It’s Used For
Stablecoins like RLUSD are useful for:
Fast, low-cost cross-border payments and remittances.
Institutional settlements and treasury operations.
Trading and DeFi activities without exposure to volatile crypto prices.
Providing a stable digital dollar on blockchains for businesses and developers.
📈 Market & Adoption
Since its launch in late 2024, RLUSD has steadily grown and even crossed over $1 billion in market capitalization, placing it among the larger stablecoins in the crypto ecosystem.
It’s listed on several major exchanges and supported by platforms that enable fiat on-ramps (e.g., Uphold, Bitso).
🆚 How It Compares to Other Stablecoins
Unlike algorithmic or less regulated tokens, RLUSD’s key selling points are:
Strong regulatory backing
Transparency and audits of reserves
Multi-chain support (XRPL and Ethereum)
However, it’s still smaller than older leaders like Tether (USDT) or USD Coin (USDC).
In short, RLUSD is Ripple’s regulated, dollar-pegged stablecoin, designed to bring a reliable on-chain representation of the U.S. dollar to global finance, payments, trading, and decentralized applications.
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