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 token is backed by an equivalent amount of U.S. dollars and other cash equivalents, designed primarily for cross-border payments.

Ripple Labs, founded in 2012, has focused on providing blockchain solutions for various financial activities. RLUSD's structure aims to ensure trust, liquidity, and compliance, making it accessible for use by financial institutions, enterprises, and developers. Its governance model incorporates Ripple's commitment to regulatory compliance and a globally recognized license portfolio.