What is Ripple USD?

Ripple USD (RLUSD) is a USD-denominated stablecoin issued by Standard Custody & Trust Company, LLC, a subsidiary of Ripple Labs. Each RLUSD is backed by a corresponding amount of U.S. dollars and cash equivalents. Its primary use case is for cross-border payments, offering access to digital dollars.

Ripple Labs has been active in the blockchain industry for over a decade, focusing on compliance and building strong relationships within the ecosystem. RLUSD is designed for use by financial institutions, enterprises, and developers, reflecting Ripple's commitment to regulatory compliance and facilitating transactions in a trusted and liquid manner.