Executive Summary
Ripple USD (RLUSD) represents a significant advancement in blockchain-based financial solutions as a regulated stablecoin pegged 1:1 to the U.S. dollar. Issued by Standard Custody & Trust Company (SCTC), a NYDFS-chartered entity, RLUSD combines Ripple's decade of enterprise blockchain expertise with rigorous compliance standards to serve institutional and cross-border payment needs.
Key Features of RLUSD
- Multi-Chain Accessibility: Natively issued on XRP Ledger (XRPL) and Ethereum networks
- Regulatory Compliance: Fully compliant with NYDFS stablecoin guidance
- Enterprise-Grade Security: Multi-signature controls and OFAC screening protocols
- Transparent Reserves: Monthly attestations by independent auditors
- High Efficiency: 3-5 second settlement times on XRPL at $0.0002 per transaction
Market Context
The $100B+ stablecoin market currently suffers from:
- Overconcentration (90% market share by 2 issuers)
- Transparency gaps in reserve backing
- Limited regulatory oversight
RLUSD addresses these challenges by offering:
👉 A fully compliant alternative stablecoin solution
Product Architecture
Technical Specifications
| Feature | XRPL Implementation | Ethereum Implementation |
|---|---|---|
| Token Standard | XRPL Issued Currencies | ERC-20 (UUPSUpgradeable) |
| Transaction Speed | 3-5 seconds | Varies with network congestion |
| Security Model | Trust Lines | Multi-signature contracts |
Institutional Use Cases
Cross-Border Payments
- $70B processed to date across 90+ markets
- Combines with XRP as bridge asset
Foreign Exchange Markets
- Atomic settlements reducing 3-day processes to seconds
- Eliminates intermediary fees
Trade Settlement
- Real-time settlement for banks/fund managers
- Reduced operational costs
Reserve Management
- Backed 1:1 by USD/cash equivalents
- Segregated accounts at approved depositories
- Monthly third-party attestations
👉 Learn more about stablecoin reserves
FAQ Section
What makes RLUSD different from other stablecoins?
RLUSD combines Ripple's enterprise blockchain experience with NYDFS-regulated issuance, offering institutional-grade compliance that many competitors lack.
How quickly can RLUSD transactions settle?
On XRPL, transactions typically confirm in 3-5 seconds with fees under $0.0002 - significantly faster than traditional banking rails.
Is RLUSD available to retail users?
While primarily designed for institutional use, RLUSD will be accessible to broader markets through compliant exchanges and wallet providers.
Conclusion
RLUSD marks a pivotal development in Ripple's mission to build the Internet of Value, offering:
- Regulatory-compliant digital dollar access
- Enterprise-grade blockchain infrastructure
- Enhanced cross-border payment efficiency
As the digital asset ecosystem matures, RLUSD provides financial institutions with a trusted stablecoin solution that meets both market demands and regulatory expectations.
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