Question 1

What is a Stablecoin?

Accepted Answer

A stablecoin is a digital asset designed to hold a stable value, typically tied to a traditional currency like the U.S. dollar or euro. Unlike other cryptocurrencies, stablecoins combine the price stability of fiat money with the speed and transparency of blockchain networks, making them well-suited for real-time, cross-border payments and enterprise use.

Question 2

What is RLUSD?

Accepted Answer

Ripple USD (RLUSD) is Ripple's U.S. dollar–backed stablecoin, supported one-to-one by cash deposits, U.S. Treasuries, and cash equivalents. It’s issued under regulatory oversight, with approval from the New York Department of Financial Services (NYDFS) and the Dubai Financial Services Authority (DFSA). RLUSD is integrated into Ripple Payments in certain jurisdictions and is designed for use in payments, remittances, treasury flows, and on/off-ramp services across the Ripple ecosystem.

Question 3

Is RLUSD the same as XRP?

Accepted Answer

No. XRP is the native, decentralized cryptocurrency of the XRP Ledger (XRPL), built as a bridge asset for fast, low-cost cross-border transactions, with its value set by the open market. RLUSD is Ripple's regulated, U.S. dollar-backed stablecoin, issued one-to-one against reserves like cash and U.S. Treasuries, making it suited for payments and settlements that require price stability.

Question 4

Where can I buy RLUSD stablecoin?

Accepted Answer

RLUSD is available through a number of trusted exchanges and payment providers. Visit the RLUSD Availability page for Ripple's current list of platforms and on-/off-ramp partners.

Question 5

What blockchain is RLUSD on?

Accepted Answer

RLUSD runs across seven networks: XRP Ledger, Ethereum, Base, Optimism, Ink, Unichain, and the XRPL EVM Sidechain (as available). The XRPL EVM Sidechain anchors RLUSD's multichain presence, routing value back to the XRP Ledger, and Ripple expects to support additional networks over time. For more detailed information, you can visit the RLUSD Stablecoin User Terms.

Question 6

How is RLUSD backed?

Accepted Answer

RLUSD is a fiat-backed stablecoin, supported one-to-one by U.S. dollar deposits, U.S. Treasuries, and cash equivalents held in reserve, so it maintains a consistent value equal to one U.S. dollar and can be redeemed at par. Ripple publishes regular independent attestations of these reserves to support transparency.

Question 7

What licenses does Ripple hold for issuing RLUSD?

Accepted Answer

RLUSD is issued through a limited purpose trust chartered by the New York State Department of Financial Services. Please visit the RLUSD Stablecoin User Terms for additional information.

Question 8

How does Ripple ensure the security of RLUSD?

Accepted Answer

If Ripple were to stop issuing Ripple USD (RLUSD), the stablecoin would remain redeemable for U.S. dollars as long as outstanding tokens are in circulation. Because RLUSD is fully backed by cash deposits, U.S. Treasuries, and cash equivalents, holders would still be able to exchange their RLUSD for an equivalent amount of U.S. dollars during the redemption period. Ripple's regulatory approvals (NYDFS, DFSA) also require transparency and reserve management, helping ensure that customer funds are protected even if issuance pauses or ends. For more information on Ripple's approach to digital asset security, please visit Ripple's Security page.

Question 9

Where are RLUSD reserves held?

Accepted Answer

RLUSD reserves are held in segregated accounts at depository institutions and securities custodians, backed by U.S. dollars and other cash equivalents. In July of 2025, Ripple selected The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, for the primary custody of Ripple USD (RLUSD) reserves.

Question 10

What transparency measures does Ripple provide for RLUSD?

Accepted Answer

Ripple provides transparency measures for RLUSD by publishing monthly third-party attestations of RLUSD's reserve assets. These reports verify the assets backing RLUSD and ensure the stablecoin is backed 100% by highly liquid, short-term reserves held in segregated accounts. For more details, you can visit the Ripple USD Reserve Assets and Transparency Reports.

Question 11

What happens to my RLUSD if Ripple stops issuing it?

Accepted Answer

If Ripple were to stop issuing Ripple USD (RLUSD), the stablecoin would remain redeemable for U.S. dollars as long as outstanding tokens are in circulation. Because RLUSD is fully backed by cash deposits, U.S. Treasuries, and cash equivalents, holders would still be able to exchange their RLUSD for an equivalent amount of U.S. dollars during the redemption period. Ripple’s regulatory approvals (e.g., NYDFS, DFSA) also require transparency and reserve management, helping ensure that customer funds are protected even if issuance pauses or ends. 
For detailed information, please refer to the RLUSD Stablecoin User Terms.

Ripple USD

Overview

Ripple USD (RLUSD)

The Stablecoin Designed for Institutions

RLUSD is built for institutions that can’t compromise on trust

Built for Trust

Powered by Liquidity

Unified Through One Ecosystem

Institutional stablecoins need institutional infrastructure

One stablecoin, built for how you operate

Financial Institutions

Exchanges & Digital Asset Platforms

Payment Providers & Fintechs

Why institutions choose RLUSD

Prudential trust supervision

Reserves built for scrutiny

Independently rated for trust

Utility across institutional finance

For developers

RLUSD stablecoin videos

Why is Ripple's stablecoin good for the XRPL?

The definitive stablecoin landscape series

Read the latest on Stablecoins

RLUSD FAQs