Ripple USD (RLUSD)
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anchored·679hyu…QKjCSummary
Ripple USD (RLUSD) is a U.S. dollar-pegged stablecoin issued by Standard Custody & Trust Company, LLC, a wholly owned subsidiary of Ripple Labs, under a limited-purpose trust company charter granted by the New York Department of Financial Services (NYDFS). It launched on December 17, 2024, following formal regulatory approval, and had grown to approximately $1.5 billion in circulating supply as of July 2026. RLUSD carries standard centralization and counterparty risks inherent to issuer-controlled fiat-backed stablecoins, including administrative freeze and blacklist capabilities, but is backed by monthly Deloitte attestations, BNY Mellon custody of reserves, and a clear regulatory framework.
Connected Entities
6 entities · 60 linked investigations- Ondo Finance→mentioned with→Ethereum(80%)
- Ripple USD (RLUSD)→mentioned with→Ethereum(70%)
- Ripple USD (RLUSD)→mentioned with→Wormhole(70%)
- Ripple USD (RLUSD)→mentioned with→Bitstamp(65%)
- Ripple USD (RLUSD)→mentioned with→Ondo Finance(80%)
- Ripple USD (RLUSD)→mentioned with→Ripple Labs(80%)
- Wormhole→mentioned with→Ethereum(70%)
Timeline(12 events)
June 2024
Ripple acquires Standard Custody & Trust Company, a NYDFS-chartered limited-purpose trust company, to serve as the regulated issuer vehicle for RLUSD.
The BlockOctober 2024
Ripple announces exchange partnerships for RLUSD with Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish ahead of launch.
CoinDesk10 December 2024
NYDFS grants final approval for RLUSD. CEO Brad Garlinghouse announces approval publicly; XRP price rises approximately 10% on the news.
CoinDesk9 July 2025
Ripple selects The Bank of New York Mellon (BNY Mellon) as primary custodian of RLUSD reserves. RLUSD market cap surpasses $500 million at this date.
CoinDesk18 July 2025
President Trump signs the GENIUS Act into law, establishing the first comprehensive U.S. federal stablecoin framework. RLUSD's existing structure is broadly aligned with GENIUS Act requirements.
Congress.gov22 August 2025
The U.S. Court of Appeals for the Second Circuit formally acknowledges dismissal of both Ripple Labs and SEC appeals, closing the multi-year XRP securities litigation. Ripple had paid a $50 million settlement.
Bitcoin.com News12 December 2025
The OCC conditionally approves Ripple's application to charter Ripple National Trust Bank, a de novo federal trust bank intended to manage RLUSD reserves and provide institutional custody services.
OCCApril 2026
RLUSD's circulating supply grows by approximately $370 million during April 2026 alone, with market cap reaching a new all-time high above $1.6 billion. OKX opens spot trading across more than 280 RLUSD pairs.
24/7 Wall St.16 July 2026
RLUSD attestation snapshot shows $1,508.6 million circulating supply against $1,619.1 million in reserve funds, confirming reserves in excess of circulating tokens.
Ripple Transparency ReportsDecision Log
- slot 457982040 · hash D9jp5UvdpxpzMcmSXnZdzvkzAjkJwVFpEhwXszVGrrfP
- slot 443523803 · hash 8u8FcfDsmp2rZPThBLQUFESf7jX6hQmpSoQVTbZQDAxo
- slot 443523800 · hash GxiTchs1KGCbYk2RbzAeZYvwSjtsv4LtT8edRYubMdGG
- slot 443501330 · hash BLWmLedxPmvbVfPVUdtxBxJPMYuSr7sdLPp8hbYJM6Hs
This investigation is cryptographically anchored to the Solana blockchain (4 decisions). 23 of 24 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 7/22/2026, 4:49:35 AM
last updated: 8/27/2026, 5:07:43 AM
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