​Ripple's RLUSD stablecoin is now on PDAX

What is RLUSD?

Ripple USD (RLUSD) is a stablecoin issued by Standard Custody and Trust Company, a New York Department of Financial Services (NYDFS) regulated limited purpose trust company. Each RLUSD token is backed 1:1 by U.S. dollar reserves, including cash, U.S. Treasury bonds, and other cash equivalents.

RLUSD was developed by Ripple in December 2024 and is designed to offer a secure, transparent, and designed to ensure they meet the highest market standards as a digital dollar; suitable for seamless payments, decentralized applications, and everyday use across multiple networks.

How does RLUSD work? 

RLUSD functions as a reliable medium of exchange and store of value, built with transparency and usability in mind.

Here’s how it works under the hood:

--> Backed 1:1  by USD and cash equivalents – RLUSD is redeemable one-to-one for U.S. dollars and fully backed by a reserve made up of US dollars and cash equivalents, including U.S. Treasury bills and government money market funds. These reserves are held at regulated U.S. financial institutions to ensure transparency and reliability..

--> Monthly Attestations - Ripple provides monthly third-party attestations verifying that the reserves match the circulating supply of RLUSD, reinforcing trust and accountability..

--> Multi-Chain Support - RLUSD is issued on both the XRP Ledger and Ethereum, offering flexibility for users and developers. On PDAX, RLUSD is currently available on the XRP Ledger, enabling fast, low-cost, and secure transfers within the XRP ecosystem.

What is RLUSD used for? 

RLUSD is built for real-world utility, supporting a range of use cases:

--> Cross-Border Payments - Enables near-instant global money transfers with reduced friction and costs compared to traditional financial rails.

--> Enterprise-Grade Transactions – RLUSD offers a dependable and stable value for businesses and financial institutions, making it ideal for high-volume digital payments and settlement.

--> DeFi Applications - Easily integrated into decentralized finance platforms for lending, borrowing, and swaps.

RLUSD's growth and adoption

RLUSD has experienced significant growth since its launch with both institutional and on-chain platforms. Ripple is actively integrating RLUSD into its global payments infrastructure, further increasing its relevance for cross-border settlement and on-chain utility.

As of July 2025, RLUSD's market capitalization has surpassed $500 million, reflecting growing confidence in Ripple's enterprise-grade approach to stablecoins. It ranks around #168 globally as of writing.

RLUSD offers a trusted and versatile stablecoin solution whether you’re sending funds globally or just exploring DeFi.

Ready to make your next move? RLUSD is now on PDAX.

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