This page describes how you can redeem Ripple USD (RLUSD) for USD fiat currency.
For an overview of the redemption process, see RLUSD redemption.
To follow this guide:
- You must already have Ripple USD currency in your nominated wallet(s).
- Ensure you have sufficient XRP or ETH in your wallet(s) to cover the network fees required for redemptions.
To successfully redeem Ripple USD for fiat USD, you need to be aware of the following:
You must send funds to the correct Ripple wallet address. Sending Ripple USD to the wrong wallet may lead to permanent loss of funds.
Only send Ripple USD stablecoin to the provided Ripple wallet address. Sending any other token to the wallet may result in funds being lost forever.
If you are sending RLUSD on the XRPL Ledger from an omnibus account, you must include a destination tag on the transfer request.
Redemptions are processed in real-time, but the actual fiat settlement time may vary depending on your bank.
To display instructions for redeeming Ripple USD for fiat USD:
- Go to the Stablecoin dashboard.
- At the top right of the Stablecoin dashboard, select Buy & redeem instructions.
- Select the How to redeem RLUSD tab.
- Follow the instructions displayed to redeem Ripple USD.
