Encyclopedia Stablecoins · Entry 306
What is Ripple USD (RLUSD)?
In this article
At a glance
Key facts
A token claim, not a share in Ripple
RLUSD is intended as a payment token with a dollar reference. It is different from XRP and from equity in Ripple. The issuer’s terms explicitly distinguish users who hold or use tokens from customers with access to additional issuer services.
The product and terms described here were checked on 2 October 2026. Consult the current customer agreement before assuming a particular person can obtain a bank-dollar redemption.
The receiving setup depends on the ledger
On the XRP Ledger, RLUSD uses issued-token functionality and requires a trust line to the issuer. On Ethereum it uses a token contract. These are different account and transaction systems.
Use Ripple’s current deployment records and the recipient’s supported network. A destination accepting XRP alone does not thereby establish support for an issued RLUSD balance.
Read backing claims and assurance at their own scope
Ripple publishes reserve information and third-party reports. A useful reading identifies the report date, assets covered and the assurance conclusion. The issuer’s description of full backing is a claim to inspect, not an independent review performed by this article.
Market liquidity, custody, chain operation and access to redemption remain separate dependencies. An illustrative exchange sale at $0.998 yields $998 for 1,000 tokens before fees, even though the intended reference is $1.
Direct answers
Questions people ask
Is RLUSD the same asset as XRP?
No. RLUSD is a dollar-referenced issued token. Its presence on the XRP Ledger does not make it XRP, and a wallet or service must support the particular issued token.
Inspect the evidence
The answer and key facts have stable claim links. These records retain the scope and qualification when reused.
Ripple USD, or RLUSD, is a privately issued stablecoin designed to track one US dollar. Ripple describes backing in dollar deposits, Treasuries and cash equivalents, with reserve reporting. Holding the token differs from being an eligible redemption customer, and a one-dollar reference does not guarantee every secondary-market trade occurs at one dollar.
Scope: Stablecoins · data through 2026-10-02. Verification: verified · 2026-10-02T19:26:58.461Z.
Link to this claimReference: RLUSD targets one US dollar.
Scope: Stablecoins · data through 2026-10-02. Verification: verified · 2026-10-02T19:26:58.461Z.
Link to this claimRedemption: Direct redemption is subject to customer eligibility and applicable agreements.
Scope: Stablecoins · data through 2026-10-02. Verification: verified · 2026-10-02T19:26:58.461Z.
Link to this claimXRPL: Holding RLUSD on the XRP Ledger requires the relevant trust line.
Scope: Stablecoins · data through 2026-10-02. Verification: verified · 2026-10-02T19:26:58.461Z.
Link to this claimRevision history
- — First publication after primary-source research and separate automated verification.
Source register
Sources and references
Retrieval dates and locators are recorded individually.- Ripple USD overviewRipple
Issuer description of RLUSD backing, native networks and transparency reports.
Locator: Stablecoin overview; backing; transparency · Version / scope: Document retrieved 2026-10-02; content hash recorded · Retrieved: 2026-10-02T18:51:08.113ZOpen source - RLUSD Stablecoin User TermsRipple
Redemption subject to customer conditions and market price risk; no promise every holder has direct access.
Locator: 2. About RLUSD; Customer versus User; Reserve · Version / scope: Document retrieved 2026-10-02; content hash recorded · Retrieved: 2026-10-02T18:51:08.082ZOpen source - RLUSD on the XRP LedgerRipple documentation
XRPL trust-line requirement; network reserve constants are not reproduced.
Locator: Issued tokens; trust line setup · Version / scope: Document retrieved 2026-10-02; content hash recorded · Retrieved: 2026-10-02T18:51:08.255ZOpen source
Research and drafting use AI assistance. A separate automated review checks claims against primary sources; no external expert or named human review is implied. Publication, substantive editing, source retrieval and verification are recorded separately. This version was independently checked by an automated reviewer on 2 October 2026.
Editorial method and correctionsDegrees of Satoshi editorial project. “What is Ripple USD (RLUSD)?.” Published 2026-10-02; updated 2026-10-02. https://degreesofsatoshi.com/encyclopedia/what-is-rlusd/