RLUSD will list this afternoon. RLUSD is designed with a "Regulation-First" approach (regulation as the top priority).
Advantages of RLUSD
- Very Strict Regulatory Compliance: RLUSD is issued under a trust company license from the New York Department of Financial Services (NYDFS). This is one of the strictest financial regulators in the world. For institutions, this provides a level of security far above USDT.
- Transparency & Monthly Audit: Unlike some competitors who have faced "dark" reserve issues, RLUSD is audited every month by top accounting firms (such as Deloitte). Its reserves are 100% backed by US dollars, US government bonds (Treasury Bills), and cash equivalents.
- "Native" Interoperability: RLUSD runs natively on two major networks: XRP Ledger (XRPL) for speed and low cost, and Ethereum for access to a vast DeFi ecosystem.
- Corporate Efficiency: Ripple integrates RLUSD into their cross-border payment systems. This makes it easier for large companies to conduct instant settlements without being exposed to XRP volatility.
Disadvantages of RLUSD
- Lagging Network Effect: USDT and USDC have dominated the market for years. RLUSD's liquidity (around $1.2 billion) is still very small compared to USDT, which reaches hundreds of billions. This means that for very large transactions, slippage in RLUSD may still be higher.
- Dependence on the Ripple Ecosystem: Although it can be used on Ethereum, the main appeal of RLUSD remains within the Ripple ecosystem. If the adoption of Ripple technology by banks slows down, RLUSD's growth will also be hindered.
- "Too Centralized" Sentiment: For the purist crypto community, RLUSD is considered too compliant with the government. Ripple has the ability to freeze accounts if requested by legal authorities, which some view as contrary to the principles of decentralization.
RLUSD competitors include PayPal (PYUSD
#RLUSD $RLUSD #PYUSD