RLUSD is a regulated stablecoin issued by Ripple Labs — the firm behind the XRP blockchain — designed to maintain a steady value of one U.S. dollar per token. Each RLUSD is backed one-to-one by a reserve of cash, short-term U.S. Treasury bills, and other cash equivalents, and is redeemable for U.S. dollars by approved institutions.
RLUSD is intended for cross-border payments, institutional settlement, trading, and other digital asset use cases within Ripple’s broader payments ecosystem.In this article, we’ll cover the history, architecture, and use cases of Ripple’s native stablecoin.
RLUSD is Ripple's U.S. dollar-pegged stablecoin designed for enterprise and institutional use cases within its ecosystem.
Ripple launched RLUSD to provide its payments business with a stable, dollar-denominated settlement that it owns and controls.
RLUSD maintains its one-dollar peg through full reserve backing and a mint-and-redeem mechanism accessible to approved institutions.
