RLUSD by Ripple (~$1.5B market cap). Enterprise cross-border payments. On Ethereum and XRPL.
Overview
Ticker
RLUSD
Backing type
Fiat-backed
Market cap
$100M+
Peg currency
USD
Issuer
Ripple
Auditor
BPM LLP
Yield rate
—
Launch year
2024
Reserves
US dollar deposits, US Treasuries, cash equivalents
Supported Chains
Ethereum
Regulatory
MiCA compliant
No
Jurisdiction
United States
NY DFS approvedNY Trust Company charter (via Standard Custody & Trust)
Features
Programmable✓
Rebaseable—
Permissioned—
Cross-chain✓
DeFi integrated—
Institutional grade✓
Use Cases
Enterprise cross-border paymentsRippleNet settlementInstitutional FXOn-demand liquidity
Connected Companies (1)
Networks / L1s & L2s