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RLUSD — Ripple

Enterprise-grade USD stablecoin built for cross-border payments on XRPL and Ethereum.

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Category
Single-Issuer Reserve Model
Regulatory regime
US State Trust (NYDFS)
Issuer
Ripple (Standard Custody)
Region
United States / Global
Peg
USD

Blockchain protocols

XRP LedgerEthereum

How it works

Issued by Ripple's NYDFS-chartered trust subsidiary; fully backed by USD deposits and T-bills.

Revenue model

Reserve yield, FX corridor fees.

Regulation

NYDFS trust charter.