"launched in December 2024 as an enterprise stablecoin issued by Standard Custody & Trust Company, a Ripple subsidiary operating under a New York trust charter. The NYDFS license subjects RLUSD to one of the world's strictest regulatory regimes. Each token is backed 1:1 by cash and short-term U.S. Treasuries held in segregated accounts, and Ripple publishes monthly reserve attestations to maintain transparency."
"Ripple's USD-backed stablecoin, RLUSD, has hit a $1.26 billion market cap in less than a year. That makes it the third-largest among U.S.-regulated stablecoins positioned for GENIUS Act compliance when the federal framework takes effect in 2027. The stablecoin's circulating supply jumped 28% in November alone to reach the billion-dollar mark. It now sits behind only USDC and PayPal's PYUSD among U.S.-regulated dollar tokens. Strategic exchange listings, institutional pilots with major financial players, and dual-chain architecture drove the climb."
RLUSD achieved a $1.26 billion market capitalization in under a year and ranks third among U.S.-regulated dollar stablecoins. The circulating supply rose 28% in November, surpassing the billion-dollar mark. The token launched in December 2024 as an enterprise stablecoin issued by Standard Custody & Trust Company, a Ripple subsidiary under a New York trust charter. The NYDFS license subjects RLUSD to strict regulatory oversight. Each token is backed 1:1 by cash and short-term U.S. Treasuries in segregated accounts, with monthly reserve attestations. Strategic exchange listings, institutional pilots, and a dual-chain architecture on XRPL and Ethereum drove adoption and liquidity.
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