Ripple RLUSDRWA-023MODERATE3.3
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Issuer Intelligence Profile · RWA-023

Ripple RLUSD

Atlas Verdict

Ripple RLUSD is under active Atlas coverage with live issuer, risk, and verification data sourced from Supabase.

Ripple USD (RLUSD) is a fully-collateralized stablecoin issued by Ripple USD LLC under New York Department of Financial Services oversight. The token maintains 1:1 USD backing through cash deposits and short-term U.S. Treasury securities held at qualified custodians. RLUSD operates natively on XRP Ledger with Ethereum support, targeting enterprise payments, cross-border remittances, and DeFi applications. Ripple Labs leverages its existing RippleNet infrastructure and institutional relationships to distribute RLUSD across global payment corridors, with third-party attestation of reserves and regulatory compliance under New York Banking Law Article 12-B.

AUM / Size—
Risk Score4.7
Verification3.3
BadgeATLAS MONITORED
Risk4.7
Transparency7.5
Verification3.3
STABLECOINATLAS MONITOREDStablecoin
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Risk LevelMODERATE
CategoryStablecoin
JurisdictionUnknown
Chain Footprint1 Chain

Issuer Identification

Live Atlas SectionS0Updated 2026-04-04 13:39:13.531+00

Issuer ID: RWA-023 | Legal Issuer: Ripple USD LLC (New York) | Parent: Ripple Labs Inc. (Delaware) | Asset Class: STABLECOIN | Structure: Direct-Backed Digital Dollar; 1:1 USD Reserves | Jurisdiction: United States (New York) | Launch: 2024 | Primary Chain: XRP Ledger + Ethereum | Investor Access: PUBLIC / KYC | Regulatory: NYDFS LIMITED PURPOSE TRUST / NY BANKING LAW | Transparency: HIGH DISCLOSURE

Issuer Overview

StructureStablecoin issuer
Asset ClassSTABLECOIN
Investor TypeInstitutional / KYC
Min InvestmentVaries by product
Token StandardTokenized asset
Coverage StatusLive sections synced • 2026-04-05 06:00:25.46+00

Chain Infrastructure

Chain Footprint1 Chain
Chain Count1 chain
All Deployed Chains
XRPL

Market Position

Live Atlas SectionS12Updated 2026-04-04 23:01:19.087+00
Ripple RLUSD enters the stablecoin market as a regulated challenger to established players like USDC ($32B AUM) and USDT ($95B AUM). Operating with NYDFS licensing provides regulatory credibility versus unregulated competitors. Multi-chain deployment on XRP Ledger and Ethereum targets both DeFi users and enterprise payment corridors. Kroll's recent 'medium quality' rating (April 2026) acknowledges strong backing but flags concentration risks, suggesting portfolio composition challenges versus Circle's diversified approach. Ripple Labs' enterprise payment network provides unique distribution advantage through existing RippleNet partnerships. Primary competitive differentiation lies in regulatory compliance and payment infrastructure integration rather than yield or DeFi utility maximization. Target segments include institutional treasury management, cross-border payment providers, and XRP ecosystem participants seeking dollar exposure without regulatory uncertainty.
Atlas ClassificationRipple RLUSD enters the stablecoin market as a regulated challenger to established players like USDC ($32B AUM) and USDT ($95B AUM)