Grunnleggende
RLUSD explained
RLUSD is the dollar stablecoin Ripple launched in late 2024. Unlike XRP it is not volatile: every token is backed by cash or short-dated US Treasuries held by the issuer.
Who issues RLUSD
RLUSD is issued by Standard Custody & Trust Company, a Ripple subsidiary with a trust charter from the New York Department of Financial Services. It is a classic reserve-backed IOU: institutional clients mint and redeem at par, retail buys on the market, and a monthly attestation covers the reserve composition.
Two chains, one token
RLUSD lives on both the XRP Ledger and Ethereum. The ERC-20 version brings reach and liquidity; the XRP Ledger version settles in seconds for cents. Balances are not interchangeable without a bridge or an exchange, so always check the chain before sending.
What it is for
Ripple targets cross-border business payments, where a stablecoin acts as a bridge currency, and settlement of tokenised assets on the same chain. For retail investors it is mostly a place to park dollars between trades.
Risks
Issuer and banking risk, as USDC showed in March 2023; freezing, because a supervised issuer can block addresses; thinner liquidity than USDT or USDC; and the practical risk of sending to the wrong chain or buying a look-alike token.
RLUSD and Europe
Under MiCA a single-currency stablecoin is an e-money token requiring an EU-authorised issuer with redemption at par, so EU availability depends on the structure Ripple builds. A dollar token also leaves European users with currency risk; EURC or EURe match the currency you actually settle in.
Anbefalt av redaksjonen
Eksterne parter. Block #9 oppbevarer ikke dine midler. Ikke investeringsråd.
Ofte stilte spørsmål
Is RLUSD the same as XRP?
No. XRP is a volatile asset; RLUSD is a reserve-backed dollar stablecoin.
What backs RLUSD?
Cash and short-dated US Treasuries, with monthly third-party attestations.
Which chains support it?
XRP Ledger and Ethereum; balances are chain-specific.
Can RLUSD be frozen?
Yes, the New York-supervised issuer can block addresses on legal request.
Can EU users hold it?
Self-custody yes; regulated EU trading depends on the issuer's MiCA structure.
Les videre
DAI explained
How DAI works: collateral, liquidations, the savings rate, USDC in the reserve, the peg stability module and the risks under MiCA.
Buying stablecoins: USDC and USDT
How stablecoins like USDC and USDT work, the difference between issuers, how buying and custody work, and the risks that remain.