What Is RLUSD? Ripple’s XRP-Native Stablecoin Explained
The Block·
60-second summary
RLUSD is being issued by Ripple Labs, the firm behind the XRP blockchain, as a regulated stablecoin designed to maintain a steady value of one U.S. dollar per token. Each RLUSD is backed one-to-one by a reserve of cash, short-term U.S. Treasury bills, and other cash equivalents, and is redeemable for U.S.
RLUSD is a regulated stablecoin issued by Ripple Labs — the firm behind the XRP blockchain — designed to maintain a steady value of one U.S. dollar per token. Each RLUSD is backed one-to-one by a reserve of cash, short-term U.S. Treasury bills, and other cash equivalents, and is redeemable for U.S. dollars by approved […]