Ripple USD (RLUSD)

Ripple USD (RLUSD) is a stablecoin launched by Ripple in December 2024. Designed to maintain a constant value, each RLUSD coin is backed by real US dollars and safe dollar-equivalent assets held in reserve. This mechanism ensures that one RLUSD always equals one US dollar, providing stability unlike volatile cryptocurrencies such as Bitcoin. Created by the company behind the XRP Ledger, RLUSD functions as a digital dollar that operates on a blockchain. This shared digital ledger allows for the secure and rapid transfer of value globally without the price fluctuations common in other digital assets.

Key Characteristics

• Stability: Value pegged strictly to the US dollar.
• Backing: Supported by real cash and safe assets.
• Technology: Operates on the XRP Ledger blockchain.
• Utility: Facilitates fast, low-cost international transfers.