RLUSD is Ripple's USD stablecoin, approved by the NY DFS in December 2024. Reserves are held in USD deposits, US Treasury bills, and money market instruments. Monthly attestations planned. Available on XRP Ledger and Ethereum, with plans to expand to additional networks.
Visit Ripple (RLUSD)NY DFS-approved stablecoin launched December 2024. Reserves in USD deposits and short-term US Treasuries. Monthly attestations. Available on XRPL and Ethereum.
Very new product (launched Dec 2024). Limited track record. Ripple has unresolved SEC litigation history. Smaller market cap.
1 independent party or system must fail before a Ripple (RLUSD) holder's bitcoin is at risk.
Ripple (RLUSD)'s custody insurance is not publicly disclosed.
Ripple (RLUSD) uses a ny dfs-approved stablecoin model and scores 68/100 in our independent review, including 68/100 on custody security. One institution can move funds, which is a single point of failure. Safety depends on your priorities; see the full score breakdown above.
Ripple (RLUSD)'s custody insurance is not publicly disclosed in a form we can verify. Where it exists, custody insurance covers specific named events up to shared limits and does not cover price loss. Confirm coverage in writing before relying on it.
Because Ripple (RLUSD) holds custody through a single institution, recovery in a failure would run through that institution's bankruptcy or resolution process and depends on whether assets were segregated and properly titled. This is the concentration risk of single-custodian models.
Ripple (RLUSD) does not advertise a dedicated inheritance or beneficiary feature in the data we track. Confirm current options with the provider, since custody inheritance handling changes.