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Ripple (RLUSD)
B-NY DFS-Approved StablecoinSPOFEnterprise & Cross-Border
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.
68
Score Breakdown
Custody & Security35% weight
68
Ease of Use20% weight
65
Fees15% weight
72
Features10% weight
65
Transparency10% weight
72
Support10% weight
65
Assessment
Key Strength
NY DFS-approved stablecoin launched December 2024. Reserves in USD deposits and short-term US Treasuries. Monthly attestations. Available on XRPL and Ethereum.
Primary Risk
Very new product (launched Dec 2024). Limited track record. Ripple has unresolved SEC litigation history. Smaller market cap.
Pros
- +NY DFS regulatory approval
- +Cross-border payment infrastructure
- +Ripple enterprise distribution
- +Compliance-first design
Cons
- -Very new product (Dec 2024)
- -Ripple SEC litigation history
- -Small market cap vs USDC/USDT
- -Limited DeFi adoption
Custody Features
✕Multisig
✕Multi-Institution
✕No Single Point of Failure
Segregated Accounts
Proof of Reserves
✕Insurance
Regulated Custodian
No Physical Exposure
✕Multi-Jurisdiction
✕Inheritance
✕Segregated Insurance
✕IRA
✕Lending
Buy/Sell
✕Dynasty Trusts
Fees
Competitive institutional pricing
Minimum$0
Security
Insurance & Regulatory
Jurisdiction
New York, USA
Licenses
NY DFS Limited Purpose Trust Charter
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