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.
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.