Record sog_st_rlusd
Ripple USDRLUSD
Also recorded as RLUSD, Ripple USD
- Lifecycle
- Active
- Reference
- US dollar
- Backing
- Fiat and cash equivalents
- Redemption / exit
- Eligible Customers Only
- Primary organization
- RippleNo additional relationship recorded
- Evidence
- 8 source records
Reviewed overview
Current state
Reviewed facts and uncertainty are shown separately. This is not a rating, safety score, or recommendation.A US dollar stablecoin launched by Ripple, with issuer reserve and redemption arrangements tied to Ripple and its service providers.
- Issuance
- Restricted
- Stabilization
- Issuer redemption
- Open questions
- 3 unresolved items
Technical identity and record coverage
| Name | Ripple USD |
|---|---|
| Symbol | RLUSD |
| Aliases | RLUSD, Ripple USD |
| Asset class | Stablecoin |
| Lifecycle status | Active |
| Issuance status | Restricted |
| Canonical record ID | sog_st_rlusd |
| Route slug | rlusd |
| Record confidence | Medium |
| Last reviewed | 2026-06-05 |
- Name
- Ripple USD
- Symbol
- RLUSD
- Aliases
- RLUSD, Ripple USD
- Asset class
- Stablecoin
- Lifecycle status
- Active
- Issuance status
- Restricted
- Canonical record ID
sog_st_rlusd- Route slug
rlusd- Record confidence
- Medium
- Last reviewed
- 2026-06-05
| Coverage area | Entries |
|---|---|
| Organizations | 1 |
| Source records | 8 |
| Reserve reports | 2 |
| Deployments | 2 |
| Regulatory notes | 0 |
| Open questions | 3 |
| Events | 2 |
Backing and exitReserves and redemption2 reports
Recorded components, disclosures, reserve reports, and redemption conditions remain separate facts.
Reserve components
- Mixed backing; component breakdown unresolvedUnknown after review
| Disclosure status | Available |
|---|---|
| Backing types | Mixed |
| Summary | Ripple reserve transparency and attestation records are tracked separately as historical records. |
| As of | 2026-06-05 |
| Profile confidence | Medium |
- Disclosure status
- Available
- Backing types
- Mixed
- Summary
- Ripple reserve transparency and attestation records are tracked separately as historical records.
- As of
- 2026-06-05
- Profile confidence
- Medium
| Current status | Eligible Customers Only |
|---|---|
| Settlement asset | USD |
| Eligible parties | RLUSD holders who are eligible to become, and do become, Ripple customers under the applicable customer agreement. |
| Retail access | Indirect or Customer Onboarding Required |
| Institutional access | Available Through Ripple Mint Subject to Customer Agreement |
| Minimum amount | Subject to the applicable RLUSD Customer Agreement and route. |
| Fee | Fees may apply under the applicable customer agreement and settlement route. |
| Settlement time | Subject to Ripple customer processing and banking operations. |
| Regional limits | Customer eligibility, compliance, jurisdiction, and supported-network restrictions apply. |
- Current status
- Eligible Customers Only
- Settlement asset
- USD
- Eligible parties
- RLUSD holders who are eligible to become, and do become, Ripple customers under the applicable customer agreement.
- Retail access
- Indirect or Customer Onboarding Required
- Institutional access
- Available Through Ripple Mint Subject to Customer Agreement
- Minimum amount
- Subject to the applicable RLUSD Customer Agreement and route.
- Fee
- Fees may apply under the applicable customer agreement and settlement route.
- Settlement time
- Subject to Ripple customer processing and banking operations.
- Regional limits
- Customer eligibility, compliance, jurisdiction, and supported-network restrictions apply.
| Date | Publisher | Type | Assets covered | Record confidence |
|---|---|---|---|---|
| 2026-06-05 | Ripple | Issuer Disclosure Reference | Cash, Cash Equivalents, Short Term Us Treasuries, Not yet recorded | Medium |
| 2026-06-05 | Ripple | Reserve Transparency Archive | Cash, Cash Equivalents, Us Treasury Bills, Not yet recorded | Medium |
Ripple
2026-06-05- Type
- Issuer Disclosure Reference
- Assets covered
- Cash, Cash Equivalents, Short Term Us Treasuries, Public information incomplete
- Record confidence
- Medium
Ripple
2026-06-05- Type
- Reserve Transparency Archive
- Assets covered
- Cash, Cash Equivalents, Us Treasury Bills, Public information incomplete
- Record confidence
- Medium
People and institutionsOrganizations and control1
Primary display is a navigation choice only. Other recorded organizations and historical relationships remain visible.
- Governance
- Centralized
- Primary organization
- Ripple
- Primary role
- Legal issuer
- Current
- 1
- Ended
- 0
- Unknown state
- 0
| Organization | Role | Jurisdiction | Period | State |
|---|---|---|---|---|
| RipplePrimary display | Legal issuer | United States | Not yet recorded – Not yet recorded | Active relationship |
Ripple
- Role
- Legal issuer
- Jurisdiction
- United States
- From
- Not recorded
- Until
- Not recorded
Control capability and selection details
- Display selection mode
- Deterministic Policy
- Freeze capability
- 0 yes · 0 no · 2 not recorded
- Blacklist capability
- 0 yes · 0 no · 2 not recorded
- Deployment control-event references
- 0
- Observed issuer-control events
- 0
Classification fieldsTechnical model14 fields
Reference, backing, stabilization, exit, valuation, and yield remain separate facts.
- Reference target
- US dollar
- Reference kind
- Fiat
- Comparison category
- US dollar
- Target value
- 1
- Reference methodology
- Targets a US dollar reference value unless the record documents a different target value.
- Public backing model
- Fiat and cash equivalents
- Canonical backing types
- Mixed
- Reserve component categories
- Unknown
- Primary stabilization mechanism
- Issuer redemption
- Recorded model description
- Fiat-backed
- Redemption / exit model
- Eligible Customers Only
- Valuation source
- Public information is incomplete
- Yield / rebase profile
- None recorded
- Classification notes
- Not recorded
LifecycleMaterial events2
Current classification remains separate from dated changes and incidents. The five latest records are shown first.
- Exchange adoption
SBI VC Trade begins RLUSD handling in Japan
SBI VC Trade began handling RLUSD in Japan as a Type 4 electronic payment instrument, adding a regulated Japanese distribution and access route without changing RLUSD's global launch date or active status.
- Launch
Ripple USD launches globally
Ripple made RLUSD available on global exchanges beginning December 17, 2024. SOG records this as the product launch date while keeping issuer, reserve-attestation, legal-terms, and deployment context as separate layers.
Networks and noticesDeployments and legal context2
Network state, contract identity, and legal notices remain separate from the asset-level classification.
| Network | Network record state | Standard | Public deployment category | Canonical deployment type | Operational state | Recorded status | Change or proposal state | Canonicality | Canonicality record state | Verification state | Contract identity state | Contract or identifier | Freeze | Blacklist | Control events | Notes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| XRP Ledger | Specific network recorded | Not yet recorded | Issuer- or institution-supported deployment | Native or Issuer Supported | Unknown or unresolved | Not yet recorded | No separate change state recorded | Issuer-native deployment | Canonicality recorded | Source-linked record; identifier not recorded | Identifier not recorded | Identifier not recorded | Not yet recorded | Not yet recorded | 0 | Ripple states RLUSD is natively issued on XRP Ledger. Use Ripple docs or implementation references before displaying final issuer/token identifiers. |
| Ethereum | Specific network recorded | Not yet recorded | Issuer- or institution-supported deployment | Erc20 or Issuer Supported | Unknown or unresolved | Not yet recorded | No separate change state recorded | Issuer-native deployment | Canonicality recorded | Source-linked record; identifier not recorded | Identifier not recorded | Identifier not recorded | Not yet recorded | Not yet recorded | 0 | Ripple states RLUSD is natively issued on Ethereum. Exact contract address should be sourced from official docs, implementation repository, or verified explorer before display. |
| Date | Title | Authority / publisher | Type | Summary |
|---|---|---|---|---|
| No regulatory notes have been added yet. | ||||
No regulatory notes have been added yet.
Coverage limitsKnown unknowns3
Missing, undisclosed, unreviewed, or disputed facts remain visible instead of being converted into certainty.
| Topic | What remains unclear | Value state | Priority | Last checked |
|---|---|---|---|---|
| Redemption Terms | RLUSD customer redemption access, user vs customer distinction, supported jurisdictions, suspension conditions, and operational redemption limits need exact source extraction from Ripple legal terms before final display. | Unknown after review | Medium | 2026-06-05 |
| Reserve Attestation History | RLUSD monthly reserve report history and exact third-party attestation periods need period-level records before SOG displays a historical reserve timeline. | Unknown after review | Medium | 2026-06-05 |
| Deployment Identifiers | RLUSD XRP Ledger issuer/token identifiers and Ethereum contract address need official docs, implementation, or verified explorer sources before final address display. | Unknown after review | Medium | 2026-06-05 |
Redemption Terms
RLUSD customer redemption access, user vs customer distinction, supported jurisdictions, suspension conditions, and operational redemption limits need exact source extraction from Ripple legal terms before final display.
- Value state
- Unknown after review
- Priority
- Medium
- Last checked
- 2026-06-05
Reserve Attestation History
RLUSD monthly reserve report history and exact third-party attestation periods need period-level records before SOG displays a historical reserve timeline.
- Value state
- Unknown after review
- Priority
- Medium
- Last checked
- 2026-06-05
Deployment Identifiers
RLUSD XRP Ledger issuer/token identifiers and Ethereum contract address need official docs, implementation, or verified explorer sources before final address display.
- Value state
- Unknown after review
- Priority
- Medium
- Last checked
- 2026-06-05
Sources and claimsEvidence8
The first ten linked records are shown initially. Publisher, provenance, archive state, supported claims, and reliability remain separate fields.
| Source | Publisher | Source category | Provenance | Primary or secondary | Supported claims | Archive | Reliability |
|---|---|---|---|---|---|---|---|
| Ripple USD stablecoin page Published Not yet recorded | Ripple | Official documentation or product page Canonical: Issuer Page | Subject-controlled source | Primary source | RLUSD overview, backing, redemption, availability, supported chains, NYDFS/DFSA context, BNY custody reference, and transparency summary | No archive recorded | Medium |
| Ripple USD reserve assets and transparency reports Published Not yet recorded | Ripple | Reserve, assurance, or financial report Canonical: Reserve Transparency Page | Subject-controlled source | Primary source | RLUSD reserve balances, monthly attestation archive, reserve asset statement, Standard Custody / NYDFS trust context | No archive recorded | High |
| RLUSD Stablecoin User Terms Published Not yet recorded | Ripple | Legal terms or disclosure Canonical: Legal Terms | Subject-controlled source | Primary source | RLUSD user terms, supported networks, customer redemption wording, reserve asset classes, risk factors, suspension and compliance conditions | Direct archived snapshot | High |
| Ripple documentation for stablecoin products Published Not yet recorded | Ripple | Official documentation or product page Canonical: Developer Docs | Subject-controlled source | Primary source | RLUSD developer and integration documentation entry point | No archive recorded | High |
| Ripple RLUSD implementation repository Published Not yet recorded | Ripple | Technical documentation or repository Canonical: Repository | Technical primary source | Primary source | RLUSD implementation reference and repository entry point | No archive recorded | High |
| Ripple USD launches globally Published Not yet recorded | Ripple | Official statement or announcement Canonical: Official Launch Announcement | Subject-controlled source | Primary source | RLUSD global launch and exchange availability beginning December 17, 2024 | No archive recorded | High |
| SBI VC Trade begins handling RLUSD in Japan Published 2026-06-24 | SBI VC Trade | Official statement or announcement Canonical: Official Statement | Subject-controlled source | Primary source | Japan Handling Start, Type 4 Electronic Payment Instrument, Sbi Vc Trade Distribution, Deposit and Withdrawal, Buy Sell, Deposit, Withdrawal, External Wallet Transfer, Ethereum Only Platform Transfer Scope, Jpy 1 Million Buy Sell Limit, Jpy 1 Million Withdrawal Limit, Fee Free Deposit and Withdrawal At Reviewed Launch, Platform Service and Reflection Conditions, Japan Provider Distribution Functions Network Limits Fees Conditions and Regulatory Classification | Archive index or wildcard | High |
| SBI Group and Ripple sign agreement for RLUSD distribution in Japan Published 2025-08-22 | SBI Holdings | Official statement or announcement Canonical: Official Statement | Subject-controlled source | Primary source | Distribution Agreement, Japan Market Plan, Sbi Vc Trade Role, Japan Distribution Plan | Archive index or wildcard | High |
Next stepsRelated records and corrections6
Open connected records, methodology, machine-readable data, or report a correction.
Use these explainers to compare the legal, regulatory, reserve, redemption, or distribution questions connected to this record.
RLUSD’s Japan Launch Is Only Part of the Story
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MiCA and Stablecoins
A beginner-friendly guide to EU stablecoin rules, the 2026 CASP transition deadline, and the different questions facing representative dollar, euro, and protocol-issued assets.
UK Stablecoin Rules: Capital Is Not Backing
What the reported cut from a 2% to 1% issuer-capital requirement means, why it does not halve stablecoin backing, and how the FCA and Bank of England regimes differ.
Open USD Explained: Who Gets the Reserve Income?
Open Standard says partners will receive all reserve earnings after a small management fee. This guide separates that partner model from holder yield and records what is still unknown before launch.
- All stablecoinsCompare this record with the rest of the archive.
- RippleUnited States
- Event registry2 connected events recorded.
- MethodologyRead classification, evidence, and value-state rules.
- CorrectionsReport a source, relationship, or record problem.
- Data manifestInspect the machine-readable public layer.