{"templateId":"markdown","sharedDataIds":{"sidebar":"sidebar-products/stablecoin/sidebars.yaml"},"props":{"metadata":{"markdoc":{"tagList":["admonition"]},"type":"markdown"},"seo":{"title":"RLUSD","description":"User guides, API reference, and support resources.","siteUrl":"https://docs.ripple.com/products/custody","lang":"en-US","llmstxt":{"hide":false,"sections":[{"title":"Table of contents","includeFiles":["**/*"],"excludeFiles":[]}],"excludeFiles":[]}},"dynamicMarkdocComponents":[],"compilationErrors":[],"ast":{"$$mdtype":"Tag","name":"article","attributes":{},"children":[{"$$mdtype":"Tag","name":"Heading","attributes":{"level":1,"id":"rlusd","__idx":0},"children":["RLUSD"]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["This page provides an introduction to the ","Ripple USD"," (","RLUSD",") digital token."]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["For more information about stablecoins in general, see ",{"$$mdtype":"Tag","name":"MarkdownLink","attributes":{"href":"/products/stablecoin/overview/concepts"},"children":["Stablecoins"]},"."]},{"$$mdtype":"Tag","name":"Heading","attributes":{"level":2,"id":"ripple-usd-stablecoin","__idx":1},"children":["Ripple USD"," stablecoin"]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["Ripple USD"," (RLUSD) is a stablecoin backed one-to-one with high quality liquid assets, cash and cash equivalents, built with stability, efficiency, and regulatory compliance at its core. RLUSD addresses the critical need for a liquid, trustworthy, and compliance-focused stablecoin, making it an ideal choice for a variety of applications and use cases, from cross-border payments to decentralized finance."]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["Consistent with NYDFS stablecoin guidance, RLUSD is backed one-to-one by USD or permitted cash equivalents, with segregated reserve accounts, regular audits, clear redemption rights, and other regulatory standards that are designed to protect holders of RLUSD."]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["The ",{"$$mdtype":"Tag","name":"em","attributes":{},"children":["Standard Custody and Trust Company"]},", LLC (",{"$$mdtype":"Tag","name":"em","attributes":{},"children":["SCTC"]},") and other regulated Ripple subsidiaries issue and distribute RLUSD in compliance with applicable regulations and industry best practices. Direct customers are limited to enterprise institutions that meet bank-level Know Your Customer (",{"$$mdtype":"Tag","name":"em","attributes":{},"children":["KYC"]},") and Anti-Money Laundering (",{"$$mdtype":"Tag","name":"em","attributes":{},"children":["AML"]},") requirements with regular sanctions screening of both customers and wallets."]},{"$$mdtype":"Tag","name":"Admonition","attributes":{"type":"info","name":"RLUSD Whitepaper"},"children":[{"$$mdtype":"Tag","name":"p","attributes":{},"children":["For more information about the RLUSD stablecoin, and the SCTC, see"," ",{"$$mdtype":"Tag","name":"MarkdownLink","attributes":{"href":"https://ripple.com/reports/rlusd-whitepaper.pdf"},"children":["Ripple USD Whitepaper: A stablecoin for the internet of value"]}," (PDF)."]}]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["Currently, ","Ripple USD"," is available on the following blockchain networks:"]},{"$$mdtype":"Tag","name":"ul","attributes":{},"children":[{"$$mdtype":"Tag","name":"li","attributes":{},"children":[{"$$mdtype":"Tag","name":"a","attributes":{"href":"https://xrpl.org/","target":"_blank"},"children":["XRP Ledger (XRPL)"]},"."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":[{"$$mdtype":"Tag","name":"a","attributes":{"href":"https://docs.base.org/get-started/base","target":"_blank"},"children":["Base (BASE)"]}]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":[{"$$mdtype":"Tag","name":"a","attributes":{"href":"https://ethereum.org/en/","target":"_blank"},"children":["Ethereum (ETH)"]},"."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":[{"$$mdtype":"Tag","name":"a","attributes":{"href":"https://inkonchain.com/","target":"_blank"},"children":["Ink (INK)"]},"."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":[{"$$mdtype":"Tag","name":"a","attributes":{"href":"https://www.optimism.io/","target":"_blank"},"children":["Optimism (OP)"]},"."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":[{"$$mdtype":"Tag","name":"a","attributes":{"href":"https://www.unichain.org/","target":"_blank"},"children":["Unichain (UNI)"]},"."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":[{"$$mdtype":"Tag","name":"a","attributes":{"href":"https://www.xrplevm.org/","target":"_blank"},"children":["XRPL EVM sidechain (XRPL EVM)"]},"."]}]},{"$$mdtype":"Tag","name":"Heading","attributes":{"level":3,"id":"reserves","__idx":2},"children":["Reserves"]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["Ripple USD (RLUSD) is a USD stablecoin designed for institutions, created with trust and compliance at its core. The RLUSD reserve is composed of high quality liquid assets, cash and cash equivalents in accordance with the NYDFS Guidance on the Issuance of U.S. Dollar-Backed Stablecoins. Specifically, the reserve includes:"]},{"$$mdtype":"Tag","name":"ul","attributes":{},"children":[{"$$mdtype":"Tag","name":"li","attributes":{},"children":["U.S. Treasury Bills (T-bills): T-bills with a residual maturity of three months or less."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Government Money Market Funds (“MMFs”)."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Overnight Reverse Repurchase Agreements (“Repos”): Conducted using T-bills or Treasury notes with NYDFS-approved counterparties."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Deposits: Held at U.S. state or federally chartered depository institutions."]}]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["Users can be confident that the Ripple USD stablecoin is both reliable and transparent about the reserves backing it. The reserves consist of a combination of US dollars and low-risk investment assets, securely held at highly reputable financial institutions in the U.S."," ","Ripple is committed to full transparency of the reserves supporting RLUSD. We provide monthly reserve reports conducted by the independent third-party accounting firm, Deloitte. These attestations validate the circulating supply and assets backing RLUSD. Attestations are performed by an independent Certified Public Accountant (CPA) licensed in the United States. The CPA issues monthly attestation reports pertaining to management’s assertions regarding the amount of RLUSD in circulation, along with information pertaining to the composition of the RLUSD Reserve fund. The attestations conducted by the CPA adhere to the attestation standards established by the American Institute of Certified Public Accountants."]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["For the list of monthly attestation reports, please visit"," ",{"$$mdtype":"Tag","name":"a","attributes":{"href":"https://ripple.com/solutions/stablecoin/transparency/","target":"_blank"},"children":["Ripple USD Transparency Reports"]},"."]},{"$$mdtype":"Tag","name":"Heading","attributes":{"level":2,"id":"how-to-access-ripple-usd","__idx":3},"children":["How to access ","Ripple USD"]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["Ripple USD"," is available to businesses and institutions:"]},{"$$mdtype":"Tag","name":"ul","attributes":{},"children":[{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Retail businesses can access ","Ripple USD"," through exchanges and preferred on-ramps. For the full list, please visit ",{"$$mdtype":"Tag","name":"a","attributes":{"href":"https://ripple.com/solutions/stablecoin/rlusdpartners/","target":"_blank"},"children":["Where to find RLUSD"]},"."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Institutions can access ","Ripple USD"," via the ",{"$$mdtype":"Tag","name":"MarkdownLink","attributes":{"href":"/products/stablecoin/user-interface/home"},"children":["Ripple Mint UI"]},"."]}]},{"$$mdtype":"Tag","name":"Heading","attributes":{"level":2,"id":"the-buy-and-redeem-processes","__idx":4},"children":["The buy and redeem processes"]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["The following describe the processes for buying (minting) RLUSD and redemption (burning) of RLUSD."]},{"$$mdtype":"Tag","name":"Heading","attributes":{"level":3,"id":"buying-rlusd","__idx":5},"children":["Buying RLUSD"]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["Buying RLUSD is the process of USD-to-RLUSD exchange. Fiat is received and RLUSD is minted (issued) to your crypto wallet. This diagram summarizes the process:"]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":[{"$$mdtype":"Tag","name":"img","attributes":{"src":"/assets/rlusd-issuance.035c2bbdf3a65ebe9bce0f53c61755a6909bb22d818b1573574adeec9e9182d8.7fc0b47f.svg","alt":"Buying process diagram"},"children":[]}]},{"$$mdtype":"Tag","name":"ol","attributes":{},"children":[{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Institutional customers can initiate buying stablecoin by depositing USD fiat into the transaction account."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Ripple initiates the minting (issuance) of RLUSD based on the customerʼs deposit."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Ripple moves the deposited funds into the RLUSD reserve account."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Compliance check:",{"$$mdtype":"Tag","name":"br","attributes":{},"children":[]}," ","4a. Ripple performs a compliance check on the related customer wallet.",{"$$mdtype":"Tag","name":"br","attributes":{},"children":[]}," ","4b. Ripple issues RLUSD if the compliance check passes."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Ripple signs the blockchain transactions necessary to transfer RLUSD to the customer wallet."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["The applicable blockchain updates customerʼs wallet to reflect issued RLUSD."]}]},{"$$mdtype":"Tag","name":"Heading","attributes":{"level":3,"id":"rlusd-redemption","__idx":6},"children":["RLUSD redemption"]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["RLUSD ",{"$$mdtype":"Tag","name":"em","attributes":{},"children":["redemption"]}," is the process of RLUSD-to-USD exchange. RLUSD is burned and fiat is settled to your bank account.  This diagram summarizes the process:"]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":[{"$$mdtype":"Tag","name":"img","attributes":{"src":"/assets/rlusd-redemption.70237dd14f45e925a59a3c93a11655a91404955acc7492973a42f0c92257df0c.7fc0b47f.svg","alt":"Redemption process diagram"},"children":[]}]},{"$$mdtype":"Tag","name":"ol","attributes":{},"children":[{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Institutional customers request stablecoin redemption by submitting an RLUSD transaction on-chain to the Ripple redemption wallet."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["The applicable blockchain updates Rippleʼs wallet to reflect redeemed RLUSD."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Initiation of redemption request:",{"$$mdtype":"Tag","name":"br","attributes":{},"children":[]}," ","3a. Ripple monitors the redemption wallet.",{"$$mdtype":"Tag","name":"br","attributes":{},"children":[]}," ","3b.Upon identification of a redemption transaction, Ripple initiates a fiat redemption."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Compliance check:",{"$$mdtype":"Tag","name":"br","attributes":{},"children":[]}," ","4a. Ripple performs a compliance check on the related customer wallet.",{"$$mdtype":"Tag","name":"br","attributes":{},"children":[]}," ","4b. Ripple proceeds with the fiat redemption if the compliance check passes."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Ripple sends payment instructions for the redemption to partner banks (transaction and/or reserve account bank(s))."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Ripple moves funds out of the reserve account as needed."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Institutional customers can then"," ","check their bank account for USD fiat settlement."]}]}]},"headings":[{"value":"RLUSD","id":"rlusd","depth":1},{"value":"Ripple USD stablecoin","id":"ripple-usd-stablecoin","depth":2},{"value":"Reserves","id":"reserves","depth":3},{"value":"How to access Ripple USD","id":"how-to-access-ripple-usd","depth":2},{"value":"The buy and redeem processes","id":"the-buy-and-redeem-processes","depth":2},{"value":"Buying RLUSD","id":"buying-rlusd","depth":3},{"value":"RLUSD redemption","id":"rlusd-redemption","depth":3}],"frontmatter":{"seo":{"title":"RLUSD"}},"lastModified":"2026-06-04T17:12:22.000Z","pagePropGetterError":{"message":"","name":""}},"slug":"/products/stablecoin/overview/rlusd","userData":{"isAuthenticated":false,"teams":["anonymous"]},"isPublic":true}