What Is a Stablecoin?
A stablecoin is a digital token pegged to real-world assets (e.g., fiat currencies, gold) to maintain a stable value, typically at a 1:1 ratio. For instance, a USD-backed stablecoin equals 1 US dollar, enabling seamless redemption for its underlying asset. Issuers facilitate deposits/withdrawals, ensuring liquidity and trust.
Ripple USD (RLUSD): A Trusted Stablecoin Solution
Issued by Standard Custody & Trust Company (SCTC), a Ripple subsidiary, Ripple USD (RLUSD) is a fully reserved stablecoin backed by segregated cash/cash equivalents. It offers 1:1 redeemability for USD and operates on:
- XRP Ledger
- Ethereum
(Additional blockchains may be supported in the future.)
Key Advantages:
✅ Regulated & Secure: Complies with NYDFS banking laws, including KYC/AML protocols.
✅ Transparent Reserves: Monthly attestation reports by top-tier auditors verify reserve adequacy.
✅ Web3 Bridge: Simplifies traditional finance-to-Web3 transitions for payments and dApp integrations.
👉 Explore Ripple USD’s developer resources
Reserve Management & Transparency
RLUSD’s reserves comprise USD and low-risk assets held at U.S.-based financial institutions. Independent audits confirm:
- Accuracy: Reserves match issued tokens.
- Security: Funds are safeguarded against mismanagement.
How to Access Ripple USD?
For Developers:
Integrate RLUSD into dApps on Ethereum or XRP Ledger via APIs/SDKs.
For Businesses/Institutions:
Onboard directly with SCTC to purchase RLUSD for institutional use.
👉 Start building with Ripple USD today
FAQs
Q1: Is Ripple USD decentralized?
A: No—it’s a centralized, regulated stablecoin issued under NYDFS oversight.
Q2: Which blockchains support RLUSD?
A: Currently XRP Ledger and Ethereum; more networks may be added.
Q3: How are reserves audited?
A: Monthly attestations by certified accounting firms ensure full transparency.
Q4: Can individuals buy RLUSD?
A: Primarily for businesses/institutions; developers can programmatically access it.
Q5: What’s the redemption process?
A: 1:1 USD redemption via SCTC’s regulated framework.
Ripple USD combines stability, compliance, and innovation for next-gen financial solutions.