Royal Dollar (RUSD) is a fiat-backed US dollar stablecoin. It has about $9.0M in circulation, ranking #137 among the stablecoins CoinScoop tracks, and runs on 3 blockchains.
What is RUSD?
Royal Dollar (RUSD) is a fiat-backed US dollar stablecoin. It has about $9.0M in circulation, ranking #137 among the stablecoins CoinScoop tracks, and runs on 3 blockchains.
In the issuer's words: Royal Dollar (RUSD) is the flagship token of the RCOINS digital asset family developed under the RIB Digital brand. It is a USD-referenced stable-value digital asset issued by The RIB Digital Holdings Limited, Hong Kong, designed for payments, treasury operations, OTC trading, exchange liquidity, and selected on-chain financial applications, aiming to deliver a transparent digital dollar experience.
RUSD supply history
RUSD supply was flat over the past 30 days. It is at or near its all-time high.
Is RUSD holding its peg?
There is no live market price for RUSD. It is not actively traded on any exchange or DEX we can see, which is common for bank-issued and permissioned stablecoins that are only minted and redeemed directly with the issuer.
Where RUSD lives: supply by blockchain
RUSD is spread across several networks. The largest, BSC, holds 67% of supply. Check that the token on your chain is the issuer's official contract, not a bridged copy.
How RUSD is backed
Each RUSD is meant to be redeemable for one unit of its reference currency, backed by reserves such as bank deposits and short-term government debt held by the issuer or its custodians.
Minting and redemption: RUSD is issued by RIB Digital against reserves held to target a 1:1 value with the US Dollar, and is redeemable subject to reserve sufficiency and the issuer's redemption terms.
RUSD risks
Your claim is on the issuer and the banks or funds holding its reserves. A failure or freeze there can break the peg, as USDC briefly did in March 2023.
Fiat-backed issuers can usually freeze tokens at specific addresses, for example to comply with sanctions or court orders.
With $9.0M in circulation, exiting a large position may move the price. Redemption may be limited to approved customers.
Copies of a stablecoin moved by third-party bridges depend on those bridges. Prefer the issuer's native contract on each chain.
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
RUSD vs USDT and USDC
Similar fiat-backed stablecoins
See all →RUSD in the news
Aave’s wstETH liquidations hinge on unverified financing
RUSD FAQ
What is RUSD?
Royal Dollar (RUSD) is a fiat-backed US dollar stablecoin. It has about $9.0M in circulation, ranking #137 among the stablecoins CoinScoop tracks, and runs on 3 blockchains.
What backs RUSD?
RUSD is a fiat-backed stablecoin. Each RUSD is meant to be redeemable for one unit of its reference currency, backed by reserves such as bank deposits and short-term government debt held by the issuer or its custodians.
Which blockchains is RUSD on?
RUSD is live on 3 blockchains. The largest by supply are BSC ($6.0M), Ethereum ($3.0M), Tron ($15).
How much RUSD is in circulation?
About $9.0M of RUSD was in circulation at the last update, 0.0% over 30 days. That makes it the #137 stablecoin by supply among those we track.
Is RUSD safe?
No stablecoin is risk-free. As a fiat-backed design, RUSD's main risks are reliance on the issuer and its banks or custodians, how transparent the reserves are, the issuer's ability to freeze tokens, and regulatory action. Its supply is small, so liquidity can be thin. It currently shows "no market price" on our peg monitor. This page is information, not investment advice.
