What is RLUSD? A plain-English guide

What is RLUSD?

RLUSD is Ripple’s US dollar stablecoin. It is designed to maintain a value of one US dollar, with backing held in cash and cash equivalents. Market prices can still move above or below $1.

Read Ripple’s overview ↗

TWO DIFFERENT ASSETS

RLUSD is not XRP.

XRP is the XRP Ledger’s native asset and its price is market-driven. RLUSD is an issued stablecoin targeting $1. Holding RLUSD does not represent ownership of Ripple or an investment in XRP.

Choose your network carefully.

Before sending funds, check that the receiving platform supports the exact network and token. A matching ticker alone does not identify the correct asset. Use the official token directory to verify addresses.

Official token directory ↗

Selling and redeeming differ.

Selling RLUSD on an exchange depends on its market, liquidity and withdrawal rules. Direct issuer access has onboarding requirements. Check the terms of the provider you intend to use.

Issuer documentation ↗

DATA & METHODOLOGY

Know what you’re looking at.

Market capitalisation is the provider’s reported market value, not proof of reserve assets.
Volume is a rolling 24-hour exchange figure. We never add overlapping snapshots to claim a period total.
Charts use the available observations. Longer period selectors do not invent missing history.
Provider timestamps, collection times and publication times are distinct. Saved data remains visible during an outage, with a freshness notice.
The reserve card is a dated editorial disclosure. It is not refreshed by the market-data feed.
Sources can differ in methodology. The publisher keeps each provider’s history separate.

RLUSD Today is an independent information site. Data can be delayed or incomplete.

Useful terms, in plain language.

PegA LITTLE MORE CONTEXT Peg The target exchange value, here one US dollar. Market prices may deviate.: The target exchange value, here one US dollar. Market prices may deviate.
Mint / burnA LITTLE MORE CONTEXT Mint / burn Create or remove token units through issuer-controlled processes. An exchange trade need not change supply.: Create or remove token units through issuer-controlled processes. An exchange trade need not change supply.
LiquidityA LITTLE MORE CONTEXT Liquidity How readily an asset can be bought or sold without moving its price materially.: How readily an asset can be bought or sold without moving its price materially.
SpreadA LITTLE MORE CONTEXT Spread The difference between the best quoted buying and selling prices. It can add to trading costs.: The difference between the best quoted buying and selling prices. It can add to trading costs.
SlippageA LITTLE MORE CONTEXT Slippage The difference between the expected price and the execution price, often greater for larger orders.: The difference between the expected price and the execution price, often greater for larger orders.
AttestationA LITTLE MORE CONTEXT Attestation An independent practitioner’s report on specified management assertions for a stated period or date.: An independent practitioner’s report on specified management assertions for a stated period or date.
Basis pointA LITTLE MORE CONTEXT Basis point One hundredth of a percentage point. A 10-basis-point deviation is 0.1%.: One hundredth of a percentage point. A 10-basis-point deviation is 0.1%.
Active addressA LITTLE MORE CONTEXT Active address A wallet address observed transacting in a defined period. It is not necessarily one person.: A wallet address observed transacting in a defined period. It is not necessarily one person.
NetworkA LITTLE MORE CONTEXT Network The blockchain on which tokens move. Both sender and recipient must support the intended network.: The blockchain on which tokens move. Both sender and recipient must support the intended network.
Treasury billA LITTLE MORE CONTEXT Treasury bill Short-term US government debt; different from a long-term Treasury bond.: Short-term US government debt; different from a long-term Treasury bond.