RLUSD
Plain definition. Ripple USD (RLUSD) is a stablecoin, a digital token Ripple’s documentation describes as backed one-to-one with high quality liquid assets, cash and cash equivalents.
Technical definition. Ripple’s stablecoin documentation defines Ripple USD (RLUSD) as a USD stablecoin designed for institutions. Ripple’s RLUSD documentation says that, consistent with New York Department of Financial Services (NYDFS) stablecoin guidance, RLUSD is backed one-to-one by USD or permitted cash equivalents, with segregated reserve accounts, regular audits and clear redemption rights. The Standard Custody and Trust Company, LLC and other regulated Ripple subsidiaries issue it: RLUSD is minted to a crypto wallet when fiat is received, and burned when redeemed, with fiat settled to a bank account.
On this site
On this site, RLUSD comes up in Is buying XRP the same as owning part of Ripple?, What does Ripple do today, and is it just a company that sells XRP?, How do Ripple’s business lines fit together?, Is Ripple abandoning XRP? and Which licences does Ripple hold to run payments, custody and stablecoins, and where?.
Source
What is RLUSD? (docs.ripple.com), read October 1, 2026.
Pages that cover RLUSD
- How is an XRP bridge different from using a stablecoin like USDC?
- What happened in the XRP ecosystem in each quarter of 2026?
- What is in the XRP and Ripple pipeline for Q4 2026?
- How do Ripple's business lines fit together?
- Is Ripple abandoning XRP?
- Which licences does Ripple hold to run payments, custody and stablecoins, and where?
- What would happen to XRP and the XRP Ledger if Ripple failed?
- What is the strongest bullish case for XRP, and is there evidence for it?
- What should I watch instead of the XRP price?
- What would show the XRP institutional thesis is working next year?
- Why isn't XRP's price going up, even with more adoption?
- Is XRP ecosystem growth exponential, and will 2026's growth rates continue?
- What is the Ripple and Bitso MXNB stablecoin on the XRP Ledger?
- How much XRPL trading involves RLUSD, and how much of it is against XRP?
- What is RLUSD, and what does it mean for XRP?
- Where is RLUSD available, and who uses it?
- Who earns the interest on RLUSD's reserves, and does any of it reach XRP holders?
- Why do stablecoins matter for XRP liquidity?
- How deep is XRP/RLUSD liquidity on the XRPL DEX?
- What could XRPL stablecoin supply be by the end of 2026?
- How much stablecoin value actually moves on the XRP Ledger?
- Is buying XRP the same as owning part of Ripple?
- How could a corporate treasurer end up using XRP?
- How much tokenized asset value is on the XRP Ledger?
- How do XRP Ledger AMMs work, and can XRP holders earn fees in them?
- How much activity is on the XRP Ledger right now?
- Can AI agents and machines pay with XRP?
- How could borrowed XRP support a cross-border payment?
- Do banks and businesses need to hold XRP for it to be used?
- Do banks actually need XRP, or just Ripple's software?
- How much of Ripple's payment volume actually uses XRP?
- Do more stablecoins and tokenized assets make XRP more or less useful as a bridge?
- What is the XRP liquidity flywheel, and is it running?
- What kinds of capital and roles form around XRP in tokenized finance?
- How much RLUSD exists, and how fast is it growing?
- Will RLUSD and other stablecoins replace XRP?
- Does tokenization on the XRP Ledger create any demand for XRP?
- How much has XRP's institutional position changed since the SEC case?
- What does Ripple do today, and is it just a company that sells XRP?
- Is the XRP bull case simply that banks will use it, and do all its uses have to succeed together?
- Could direct stablecoin pairs make XRP unnecessary on its own ledger?
- What is Ripple Mint, and what does it say about RLUSD use?
- What has to happen, in order, for XRP credit to scale?
- Does Ripple Prime accept XRP as collateral?
- What are the possible structural outcomes for XRP?
- Is XRP's valuation justified by activity on the XRP Ledger?
- Can RLUSD always be redeemed for dollars, and what happens to holders if its issuer fails?
- What is a trust line, and how do I check that a token on the XRP Ledger is genuine?
- Can I borrow RLUSD against XRP without selling it?
- What are the risks of earning yield on XRP through AMM pools or wrapped XRP?
- Does Ripple's success mean XRP's price goes up?
- How much stablecoin value is on the XRP Ledger, and how fast is it growing?
- What backs RLUSD, Ripple's stablecoin?
- How much credit is being created against XRP, and can it be measured?
- What developments would show the U.S. government is actually using XRP?
- Is using stablecoins to boost demand for US Treasuries official policy, and does it involve XRP?
- Can an RLUSD payment route through XRP automatically?
- What are DBS and Franklin Templeton doing with RLUSD?
- Can companies get repo financing through Ripple Treasury?
- How do XRP, RLUSD and tokenized Treasuries fit together on one ledger?
- How does Ripple's payment system decide whether to route a payment through XRP?
- Is DeFi TVL a good measure of XRP liquidity, and what should be measured instead?
- Is institutional capital actually flowing into XRP in 2026?
- How long would XRPL liquidity take to reach $5B to $250B at 2026 growth rates?
- What digital-asset features does Ripple Treasury have?
- Can tokenized Treasuries and funds be turned into cash or credit?
- Are tokenized US Treasuries live on the XRP Ledger?