Ripple USD (RLUSD)

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Ripple USD (RLUSD)

What is Ripple USD?

Ripple USD (“RLUSD”), issued by Standard Custody & Trust Company, LLC, a wholly owned subsidiary of Ripple Labs, is a USD denominated stablecoin created with trust, liquidity, and compliance at its core. Each RLUSD is backed by at least an equivalent amount of U.S. dollars and other cash equivalents. RLUSD is purpose-built for cross-border payments and delivers reliable access to digital dollars. As an industry leader for over a decade, Ripple has a proven track record of delivering breakthrough blockchain solutions at scale. Strong ecosystem relationships built over a decade facilitates RLUSD’s broad accessibility for use by financial institutions, enterprises and developers. Ripple’s commitment to regulatory compliance, combined with its global license portfolio, enables RLUSD users to transact with confidence. RLUSD delivers the reliability of USD combined with the efficiencies of blockchain technology in a trusted, liquid, and compliant manner.

Key Facts & Snapshot

Symbol: RLUSD
CoinGecko id: ripple-usd
Market cap rank (CoinGecko): #54
Categories: Stablecoins, USD Stablecoin, Ethereum Ecosystem, XRP Ledger Ecosystem, Fiat-backed Stablecoin, Made in USA
Circulating supply (snapshot): 1,391,771,378
Total supply (snapshot): 1,391,771,378
All-time high (USD, CoinGecko): $1.07 (Dec 26, 2024)
All-time low (USD, CoinGecko): $0.9623 (Dec 18, 2024)

Market (USD snapshot)

Market cap (USD, snapshot): $1.39B
24h volume (USD, snapshot): $46.50M
Fully diluted valuation (USD, snapshot): $1.39B
24h price change (snapshot): -0.02%

Contract addresses (by platform)

xrp: 524C555344000000000000000000000000000000.rMxCKbEDwqr76QuheSUMdEGf4B9xJ8m5De
ethereum: 0x8292bb45bf1ee4d140127049757c2e0ff06317ed

Official & Community Links

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Frequently Asked Questions

What is Ripple USD (RLUSD)?

Ripple USD (RLUSD) is a fiat-backed stablecoin designed to maintain a value of approximately $1 USD. It operates on both the Ethereum ecosystem and XRP Ledger ecosystem, with a circulating supply of approximately 1.39 billion tokens.

How does RLUSD maintain its $1 peg?

RLUSD is a fiat-backed stablecoin, meaning each token is backed by reserves of US dollars or dollar-equivalent assets. This backing mechanism is designed to keep the price stable around $1, though it has traded between $0.9623 and $1.07 since its December 2024 launch.

Is Ripple USD available on multiple blockchains?

Yes, RLUSD operates within both the Ethereum ecosystem and the XRP Ledger ecosystem. This multi-chain approach allows users to transact with the stablecoin on different blockchain networks depending on their needs.

What risks does RLUSD face as a stablecoin?

As a fiat-backed stablecoin, RLUSD faces risks including potential regulatory scrutiny of stablecoins in the USA, the quality and transparency of its reserve backing, and counterparty risk related to the custodian holding the fiat reserves. While stablecoins aim for price stability, they can still experience temporary depegging events as evidenced by RLUSD’s all-time high of $1.07.

When did Ripple USD launch?

RLUSD launched in mid-December 2024, with its all-time low of $0.9623 recorded on December 18, 2024, and its all-time high of $1.07 occurring on December 26, 2024. The stablecoin currently ranks #54 by market cap with approximately $1.39 billion in circulation.