Ripple USD (RLUSD) is a US dollar-denominated stablecoin issued by Standard Custody & Trust Company, LLC, a wholly owned subsidiary of Ripple Labs. It operates across both the Ethereum and XRP Ledger ecosystems, positioning it within the broader multi-chain landscape. The token is fully backed by an equivalent amount of US dollars and cash equivalents held in reserve, categorizing it as a fiat-collateralized stablecoin issued in the United States. The primary purpose of RLUSD is to serve as a digital representation of the US dollar for cross-border payments, enabling financial institutions, enterprises, and developers to move value efficiently across blockchain networks. It is designed to combine the stability of the dollar with the speed, transparency, and programmability of distributed-ledger technology. By leveraging Ripple's long-standing relationships in the payments industry and its portfolio of regulatory licenses, RLUSD aims to provide a compliant and liquid on-chain dollar instrument suitable for institutional and enterprise-grade use cases.
The dollar volumes migrated to Base, XRPL is racing to host a second issuer beyond RLUSD, and the chain that routes the dollar is the chain that wins the next cycle.
The model's bull case leans on ETF inflows above $1.5B, RLUSD circulation past $1.7B, and a growing payments partnership book, but the price still has to clear resistance near $1.20 first.
SBI VC Trade's registered accounts have crossed 2 million, doubling since 2025, as a weak yen pushes corporate Japan to spread reserves beyond cash and into crypto.
RLUSD still drives the $844.6M core, but Valtorum's USDV has pushed to $39.3M and the mix now has more than one signature as XRPL grows against a shrinking global stablecoin market.
BlackRock's tokenized Treasury fund, JPMorgan's $3T settlement layer, and stablecoin rails from Visa and Mastercard show the industry built to disintermediate banks now runs on bank infrastructure.
CoinGecko's top 10 sits unchanged as of 09:00 UTC on 01 Jul, with majors flat and the action concentrated in the…
The two-standards design lets institutions borrow against tokenized assets on XRPL while keeping underwriting off-chain.
The proposal splits credit decisions (off-chain, with human underwriters) from loan mechanics (on-chain, fixed at the base layer), betting that predictable, governance-free rules are what…
The preliminary approval pairs with Ripple's existing EMI to passport payments and crypto across all 30 EEA states, but the ESMA conflict test on RLUSD issuance is the real gate the CSSF still has to…
A forecast built on ETF flows, RWA tokenisation and the SEC overhang unwinding is a clean reversal story, but XRP at $1.05 has to first reclaim $1.60 before any of it shows up on the chart.
Japan's $440B daily FX market now anchors a four-stablecoin race: RLUSD gets the head start through SBI, USDC gains a corporate lane via Nomura, JPYSC holds the yen lane, and megabank issuance looms…
The base case looks plausible next to Standard Chartered's $8 target and 21Shares' $2.69 floor, but the chart still trades below its 200-day average and the bear case bottoms at $0.13 if adoption…
Approval gives Ripple a regulated yen corridor to a G7 market where licensed banks and trust companies have dominated stablecoin issuance, putting RLUSD in rare company among non-domestic entrants.
Japan runs one of the world's strictest stablecoin regimes, so clearing a foreign-issued dollar token for both institutional and retail use is a credential the rest of Asia will read closely.
Japan is the first major Asian market for Ripple's dollar stablecoin, and SBI VC Trade is the only on-ramp. Distribution is the gate now, not the approval.
The Luxembourg 'Green Light Letter' plus a Series E investment in Flutterwave give Ripple both ends of a regulated corridor, but RLUSD's $1.6B float is still a rounding error next to USDT and USDC.
The Luxembourg CASP license gives Ripple a single-passport to offer stablecoin payments across all 27 EU states, but it also lands as Brussels opens a formal review of MiCA's stablecoin rules.
The Swell stage pick is small in dollar terms but tells a bigger story: Ripple is seeding RLUSD into remittance corridors where the cheapest existing rails already run on XRP.
The venue's tenth edition pairs with Apex for the first time and promises institutional scale — but long-time $XRP holders read the RLUSD-first framing as a pivot away from the native token.
Squid has integrated Ripple's RLUSD stablecoin into its cross-chain routing layer, letting users swap into and out of…
Where Zipp's editorial desk has weighed in on this token.
A record USDT destruction collides with oil shocks, regulatory easing, and a fragile BTC bid. The plumbing tells the truer story than the headlines.
A 32% first-half drawdown, a sub-1 mNAV, and $1B of longs liquidated: the Bitcoin thesis is being audited by its own instruments.
A punishing BTC tape exposed which institutions were building access and which were building leverage. CLARITY, MiCA and Basel now have to do the harder job.
Six straight days of ETF outflows, $58K tested, Strategy's premium gone and the narrative finally cracks. Where attention is bleeding to.
Spain refuses to extend MiCA for Binance, yet Coinbase and OKX queue up for the same 450M users left behind. A regulatory moment, and a redistributive one.
BTC slides under $60K and ETFs bleed a record $6.4B, yet M&A runs 26x higher and Coinbase keeps shopping. The crowd and the money are reading two different markets.
Ripple USD (“RLUSD”), issued by Standard Custody & Trust Company, LLC, a wholly owned subsidiary of Ripple Labs, is a USD denominated stablecoin created with trust, liquidity, and compliance at its core.
Ripple USD (RLUSD) is categorised as: Stablecoins, USD Stablecoin, Ethereum Ecosystem.
The official Ripple USD site is https://ripple.com/solutions/stablecoin/.
Most recent Ripple USD coverage: "Base Moves $565B in Stablecoins, Overtakes Ethereum Payments" — read at /en-US/a/base-moves-565b-in-stablecoins-overtakes-ethereum-payments.
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