Ripple USD Stablecoin is in beta

Ripple USD on the XRP Ledger

The Ripple USD stablecoin implementation uses the Issued Tokens functionality that is native to the XRP Ledger.

On the XRP Ledger, a stablecoin is created by an issuer holding real-world assets as collateral, and creating equivalent tokens on the ledger. Users establish a trust line with the issuer to receive, hold, and transfer issued stablecoin. Transactions are fast and secure, benefiting from the efficiency of the XRP Ledger.

To learn more about the XRP Ledger issuer settings, see the Ripple USD Github repository.

Networks

The Ripple USD stablecoin is available on the XRP Ledger Mainnet and Testnet networks.

Mainnet

A Mainnet, short for main network, is the primary and fully functional blockchain network where real transactions are processed and actual value is transferred. The Mainnet is the live environment that operates the main ledger, as opposed to Testnets which are used for development and testing purposes. Ripple USD tokens on a Mainnet are backed by real-word assets.

Mainnet tokens

Mainnet Ripple USD tokens hold real financial value, therefore you should not use Mainnet for testing purposes.

Below you can find the Mainnet details for the Ripple USD token:

Testnet

A Testnet, short for test network, operates similarly to a Mainnet but without the associated real-world value and financial risk. Testnets allow developers to test out features in a safe environment. For example, a developer can test out smart contracts that interact with the Ripple USD token to ensure they work correctly.

Testnet tokens

Ripple USD tokens on a Testnet hold no financial value, are intended for testing purposes only, and are not backed by real-world assets.

Here are the Testnet details for the Ripple USD token:

Further reading