Ripple USD (RLUSD) is a fiat-backed US dollar stablecoin issued by Ripple (Standard Custody & Trust Company). It has about $2.46B in circulation, ranking #8 among the stablecoins CoinScoop tracks, and runs on 2 blockchains.
RLUSD price
$1.0000
On peg Circulating supply
$2.46B
30-day change
+1.2%
Price
$1.0000
Blockchains
2
Tracked since
Aug 2024
What is RLUSD?
Ripple USD (RLUSD) is a fiat-backed US dollar stablecoin issued by Ripple (Standard Custody & Trust Company). It has about $2.46B in circulation, ranking #8 among the stablecoins CoinScoop tracks, and runs on 2 blockchains.
Issued under a New York DFS trust charter and launched in December 2024 on the XRP Ledger and Ethereum.
In the issuer's words: Ripple USD (RLUSD) is designed to maintain a constant value of one US dollar.
RLUSD supply history
$2.61B$0
Oct 8, 2025Oct 8, 2026
$2.61B$0
Aug 23, 2024Oct 8, 2026
RLUSD supply grew 1.2% over the past 30 days, to $2.46B. Its peak was $2.53B in October 2026, and supply is 3% below that high.
Is RLUSD holding its peg?
Last price
$1.0000
Target
1.0000 USD
Status
On pegRLUSD is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where RLUSD lives: supply by blockchain
RLUSD is spread across several networks. The largest, Ethereum, holds 53% of supply. Check that the token on your chain is the issuer's official contract, not a bridged copy.
How RLUSD is backed
RLUSD is backed by US dollar deposits, short-term US Treasuries and cash equivalents.
Minting and redemption: Natively issued on XRP Ledger and Ethereum blockchains, Ripple USD is fully backed by a segregated reserve of cash and cash equivalents and redeemable 1:1 for US dollars.
RLUSD risks
Issuer and custody
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.
Freezes and blacklists
Fiat-backed issuers can usually freeze tokens at specific addresses, for example to comply with sanctions or court orders.
Bridged versions
Copies of a stablecoin moved by third-party bridges depend on those bridges. Prefer the issuer's native contract on each chain.
Regulation
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
RLUSD vs USDT and USDC
Similar fiat-backed stablecoins
See all →
RLUSD in the news
Ripple Mint Goes Live: Institutions Get API-Driven RLUSD Access as Stablecoin Nears $1.6B Market Cap
XRPL Stablecoin Supply Nears $900M as Valtorum’s USDV Emerges as the Breakout Trend
RLUSD FAQ
What is RLUSD?
Ripple USD (RLUSD) is a fiat-backed US dollar stablecoin issued by Ripple (Standard Custody & Trust Company). It has about $2.46B in circulation, ranking #8 among the stablecoins CoinScoop tracks, and runs on 2 blockchains.
Is RLUSD pegged 1:1 to the US dollar?
RLUSD targets 1 USD. At the last update it traded at $1.0000, a deviation of 0.00%, which we classify as "on peg".
What backs RLUSD?
RLUSD is a fiat-backed stablecoin. US dollar deposits, short-term US Treasuries and cash equivalents.
Which blockchains is RLUSD on?
RLUSD is live on 2 blockchains. The largest by supply are Ethereum ($1.30B), XRPL ($1.15B).
How much RLUSD is in circulation?
About $2.46B of RLUSD was in circulation at the last update, +1.2% over 30 days. That makes it the #8 stablecoin by supply among those we track.
Does RLUSD pay interest?
No. RLUSD does not pay yield to holders directly. Any interest earned on its reserves goes to the issuer. Some platforms offer rewards for holding it, but those are paid by the platform, not by RLUSD.
Is RLUSD safe?
No stablecoin is risk-free. As a fiat-backed design, RLUSD'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. It currently shows "on peg" on our peg monitor. This page is information, not investment advice.