RLUSD Price Today & Live Chart

What is Ripple USD?

Ripple USD (RLUSD) is a US dollar-pegged stablecoin issued by Ripple, the company behind the XRP Ledger and the institutional cross-border payments network RippleNet. RLUSD launched on 17 December 2024 after Ripple obtained a Limited Purpose Trust Charter from the New York Department of Financial Services (NYDFS), one of the strictest stablecoin regulators in the United States. The token is issued natively on both the XRP Ledger and Ethereum, with supply mirrored across the two networks via official Ripple-operated bridges. Reserves consist of US dollar cash deposits and short-duration US Treasury bills held with regulated banking partners and segregated from Ripple's corporate balance sheet under New York trust law.

RLUSD is positioned specifically for institutional cross-border payments and treasury operations. Ripple's existing payments network already moves billions of dollars across more than fifty corridors, primarily using XRP as a bridge asset; RLUSD adds a stable-value alternative for institutional clients who prefer to settle in dollars rather than take exposure to XRP price volatility. The token integrates directly with RippleNet's payment APIs, allowing payment service providers and banks to plug RLUSD into existing flows without retooling their infrastructure. On Ethereum, RLUSD targets DeFi adoption and competes with USDC and USDT for liquidity in lending markets, AMMs, and tokenised asset settlement.

The NYDFS Limited Purpose Trust Charter is the same regulatory framework under which Paxos Trust issues USDP and previously issued BUSD. It requires monthly reserve attestations, segregated reserves at qualified custodians, and ongoing examination by NYDFS supervisors. Ripple has appointed BDO USA as its independent auditor and publishes monthly attestations on the Ripple website. Mint and redeem are restricted to approved institutional partners; retail users acquire RLUSD on the secondary market via crypto exchanges and decentralised pools.

As a relatively new stablecoin, RLUSD has a much smaller market cap and on-chain liquidity profile than USDC or USDT, but its growth is being supported by Ripple's existing institutional client base and by the regulatory credibility of the NYDFS charter. It is one of the few stablecoins whose issuer holds a US state trust charter rather than relying on offshore registration, which makes it a natural candidate for US-regulated treasury and payments use cases.

Key Features of Ripple USD

• NYDFS Trust Charter Issuance: RLUSD is issued under a Limited Purpose Trust Charter from the New York Department of Financial Services, one of the strictest stablecoin regulatory regimes in the United States. The charter requires segregated reserves, monthly attestations, and ongoing supervisory examination.
• Native on XRP Ledger and Ethereum: RLUSD is issued natively on both the XRP Ledger (for low-cost institutional payment flows) and Ethereum (for DeFi composability), with supply bridged officially by Ripple between the two networks.
• Tight RippleNet Integration: RLUSD is integrated directly into RippleNet's institutional payments APIs, allowing payment service providers and banks to settle cross-border transactions in dollars without leaving the Ripple ecosystem.
• Conservative Reserve Composition: Reserves consist exclusively of US dollar cash deposits and short-duration US Treasury bills held with regulated banking partners. No commercial paper, corporate credit, or other higher-risk instruments are included.
• Monthly BDO Attestations: Ripple appointed BDO USA as its independent attesting auditor and publishes monthly reports on RLUSD reserves on the official Ripple website. The cadence matches the standard set by Circle for USDC.

Ripple USD Use Cases

• Institutional Cross-Border Settlement: RippleNet's payment service provider clients use RLUSD to settle cross-border transactions in dollars without exposure to XRP price volatility, while still benefiting from RippleNet's API integrations and corridor coverage.
• DeFi Quote Asset on Ethereum: RLUSD is being added to Curve, Uniswap, Aave, and other DeFi protocols as an alternative dollar instrument with a US-regulated issuer profile, particularly for users who already hold treasury allocations in Ripple-issued products.
• XRP Ledger Native Stablecoin: Within the XRP Ledger ecosystem, RLUSD is the leading native USD stablecoin, opening dollar-denominated trading pairs on XRP Ledger DEXes and supporting on-ledger payment flows.
• Regulated Treasury Asset: Companies subject to US regulatory frameworks may prefer RLUSD over offshore-issued stablecoins because the NYDFS trust charter regime provides clear supervisory oversight and reserve disclosure standards.
• Diversification Across Stablecoins: Treasuries split stablecoin exposure across USDC, USDT, and RLUSD to reduce single-issuer concentration risk, much like how investors diversify money market funds across multiple sponsors.

Ripple USD Tokenomics

Total Supply

RLUSD has no fixed cap. Supply expands when authorised partners deposit USD with Ripple Markets NY LLC and contracts when they redeem. As a relatively new token, total circulating supply is currently in the hundreds of millions of dollars and growing as institutional adoption builds.

Circulating

All circulating RLUSD is backed one-to-one by reserves held in cash and short-term US Treasury bills with regulated banking partners. There is no pre-mine or vesting; supply is purely demand-driven.

Utility

RLUSD is a payment and settlement instrument for the Ripple ecosystem and broader DeFi. It does not confer governance rights and does not pay yield directly to holders.

Emission

Mint and burn happen at par against fiat deposits and redemptions by authorised institutional partners. There is no algorithmic emission or yield distribution to holders.

How to Buy Ripple USD

1. 1

   1. Create a Binance account

   Sign up at binance.com or in the app and complete identity verification at the Intermediate level. Confirm RLUSD trading is available in your region.

2. 2

   2. Fund your account

   Deposit fiat via bank transfer or card, or transfer in USDT, USDC, or other supported assets.

3. 3

   3. Find the RLUSD pair

   Go to 'Trade' → 'Spot' and search for RLUSD. As a newer stablecoin, RLUSD listings vary by exchange — check Binance's pair list, and on Ethereum you can also acquire RLUSD on Curve, Uniswap, or directly from approved Ripple partners.

4. 4

   4. Place your order

   Use a market order for instant fill or a limit order at $0.999–$1.000 to capture cheap liquidity. Confirm and execute.

5. 5

   5. Withdraw or settle

   Withdraw RLUSD to a self-custody Ethereum wallet or to an XRP Ledger wallet for use in RippleNet payment flows. Always confirm the chosen network matches your destination address.

Ripple USD Historical Performance

RLUSD launched on 17 December 2024 following NYDFS Limited Purpose Trust Charter approval and has maintained its $1 peg closely since inception. As a young stablecoin its market cap is much smaller than USDC or USDT, but adoption is growing through Ripple's institutional payment partner network and through DeFi listings on Ethereum. The peg has held within a few basis points of $1, with no material depeg events recorded.

Frequently Asked Questions