How It Works
Ripple issues RLUSD through Standard Custody & Trust Company, LLC and Ripple's NYDFS-regulated trust charter. Users and institutions can mint RLUSD by depositing USD through authorized channels, with reserves held in segregated trust accounts. On the XRP Ledger, RLUSD leverages the native CLOB (Central Limit Order Book) DEX for liquidity and settlement, allowing instant atomic swaps between RLUSD, XRP, and other XRPL tokens. On Ethereum, RLUSD follows the ERC-20 standard. Cross-chain functionality is planned via Axelar or similar bridge providers.
Backing Type: Fiat-Backed
Fiat-backed stablecoins are collateralized by real-world assets held in bank accounts or custodied trust accounts — typically US dollars, Treasury bills, or cash equivalents. The issuer is responsible for maintaining 1:1 reserves and publishing regular attestations.