Ripple USD

Can this project keep operating and funding itself for years?

Issued by Standard Custody and Trust Company under NYDFS supervision with reserves held in segregated short-term US Treasury bills and cash equivalents.12

Can outsiders see and check what the team and the protocol do?

Monthly independent accounting attestations verify circulating supply and segregated reserve holdings custodied primarily at BNY under New York trust regulations.31

Does the protocol earn real fees or income from use?

Reserve backing in short-term US Treasury securities and money-market instruments generates recurring yield for the issuer across institutional settlement corridors.45

Is the technology being built and shipped, and does it matter?

Dual-chain issuance across XRP Ledger and Ethereum enables programmable enterprise settlement, clawback compliance controls, and brokerage clearing integrations.63

Who uses, builds and holds it, and how durable is that base?

Institutional adoption expanded in October 2026 through Cross River Bank core banking integration, DriveWealth equity settlement, and major exchange campaigns.54

Do supply, issuance and unlocks protect holders from dilution?

Supply minting and burning occur strictly against verified one-to-one fiat redemptions with overcollateralized reserves isolated from corporate operating funds.26

1. 1ripple.com/solutions/stablecoin/Cited for Sustainability, Transparency
2. 2docs.ripple.com/what-is-rlusd/Cited for Sustainability, Tokenomics
3. 3docs.ripple.com/stablecoin/Cited for Transparency, Innovation
4. 4coingecko.com/en/coins/ripple-usdCited for Revenue, Community
5. 5academy.binance.com/en/articles/what-is-ripple-usd-rlusdCited for Revenue, Community
6. 6github.com/ripple/RLUSD-ImplementationCited for Innovation, Tokenomics

• Regulated Trust Issuer. Standard Custody and Trust Company issues RLUSD under direct NYDFS supervision with mandatory customer asset segregation.
• Bank Reserve Custody. BNY serves as primary reserve custodian holding short-term US Treasury bills and liquid cash equivalents.
• Monthly Attestations. Independent accounting reports verify that liquid reserve assets meet or exceed circulating token supply every month.
• Institutional Banking Rails. October 2026 partnerships with Cross River Bank and DriveWealth integrate RLUSD into core banking and equity settlement.
• Dual-Chain Architecture. Native issuance across XRP Ledger and Ethereum supports both low-cost payment settlement and smart contract liquidity.

• Limited Cycle History. Launching in December 2024 leaves the stablecoin with a shorter operational record across multi-year credit stress cycles.
• Incumbent Network Dominance. Tether and Circle maintain far deeper secondary exchange order books and decentralized liquidity pools across major chains.
• Regulatory Compliance Overhead. Evolving federal stablecoin rules and state trust supervision impose strict onboarding and reporting constraints on distribution.
• Liquidity Concentration. On-chain trading volume remains concentrated among institutional partners while broader retail decentralized exchange depth is still maturing.
• Rate Sensitivity. Issuer reserve income depends directly on prevailing short-term US Treasury yields and overnight money-market interest rates.

RLUSD competes as a regulated institutional settlement dollar rather than a retail offshore stablecoin. Its primary advantages are NYDFS trust supervision, BNY reserve custody, monthly CPA attestations, and native XRP Ledger payment rails.

RLUSD maintains a strong regulated stablecoin profile as of October 18, 2026. Segregated reserve custody at BNY and monthly third-party attestations underpin reliable one-to-one dollar redemption.