Assets · Stablecoin · issued by Ripple
Ripple USD (RLUSD)Updated 21 Oct 2026
Ripple's US dollar stablecoin, issued under a New York trust charter and live on the XRP Ledger and several EVM chains.
Asset sources[1][2][3][4][5][6] · ERC-20[3] · XRPL trust line token[4]
Issued through Ripple USD (RLUSD) Live (scaled)
Classification · medium confidence
- Legal form
- Stablecoin from economic tests
- Underlying
- Government debt · Government debt, Money
- Value behaviour
- Stable value · no income
- Ledger role
- Native
- Legal labels
- stablecoin issued by a NYDFS-chartered limited purpose trust company (New York)[6]
Primary by the cash residual exception: components are only money and US Treasury instruments (T-bills, Treasury repo, government MMFs) from a Treasury reserve (NYDFS limits the reserve to these classes). The August 2026 attestation's per-class table is an image, so no weights were captured; total reserve $2,534.5m at 15 Oct 2026.
Sourced[5]. How assets are classified: methodology.
Contracts
Addresses as published by the issuer. Check them on the explorer before relying on them. Supply per network comes from the issuing deployment's on-chain figures.
| Network | Address | Standard | Supply here | Source |
|---|---|---|---|---|
| Ethereum | 0x8292bb…6317ed ↗ | ERC-20 | ~$1.79bn | [1] |
| XRP Ledger | rMxCKbED…J8m5De ↗ | XRPL issued currency | ~$884.32m | [1] |
| Base | 0x8d58c0…f98258 ↗ | ERC-20 | ~$16.1m | [1] |
| Optimism | 0x8d58c0…f98258 ↗ | ERC-20 | ~$143 | [1] |
| Ink | 0x8d58c0…f98258 ↗ | ERC-20 | ~$139 | [1] |
| Unichain | 0x8d58c0…f98258 ↗ | ERC-20 | — | [1] |
| XRPL EVM Sidechain | 0x8d58c0…f98258 ↗ | ERC-20 | — | [1] |
Settles in RLUSD
- Aave HorizonLive (limited)[7]
- LMAX Group RLUSD collateral and settlement integrationAnnounced[8]
- Mastercard stablecoin settlement for issuers, acquirers and merchantsLive (limited)[9]Enabled from June 2026; no evidenced flows found.
- Ripple Payments cross-border settlementLive (scaled)[10]
Takes as collateral RLUSD
Redeems into RLUSD
- Ondo Short-Term US Government Bond Fund (OUSG)Live (scaled)[11]Minting and redemption with RLUSD on the XRP Ledger.
Sources
- [1]RLUSD token addresses — Ripple. Accessed 14 Oct 2026.B
- [2]Ripple USD (RLUSD) — Ripple. Accessed 11 Oct 2026.B
- [3]https://web.archive.org/web/20261008213012/https://etherscan.io/token/0x8292bb45bf1ee4d140127049757c2e0ff06317ed — Etherscan. Accessed 13 Oct 2026. Archived copy (8 Oct 2026) of the explorer page Ripple links from its token address list; Etherscan labels the token ERC-20 and shows the proxy source as verified (exact match)..A
- [4]RLUSD on the XRP Ledger — Ripple. Accessed 13 Oct 2026.B
- [5]RLUSD Reserve Report as of 17 and 31 August 2026 — Standard Custody & Trust Company (independent accountant's report). Accessed 21 Oct 2026. Lists the DFS-permitted reserve classes (T-bills, Treasury reverse repo, government MMFs, deposits); the per-class table is an image and was not captured..A
- [6]Virtual currency businesses: regulated entities — NYDFS. Accessed 12 Oct 2026.A
- [7]Aave Horizon Launches — Aave Labs, 26 Aug 2025. Accessed 8 Nov 2026.B
- [8]LMAX Group and Ripple partner to accelerate institutional stablecoin adoption and cross-asset mobility — LMAX Group, 15 Jan 2026. Accessed 13 Oct 2026.B
- [9]Mastercard expands settlement capabilities — Mastercard, Jun 2026. Accessed 11 Oct 2026.B
- [10]Ripple Integrates RLUSD into Ripple Payments Driving Enterprise Demand and Utility — Ripple, 2 Apr 2025. Accessed 11 Oct 2026.B
- [11]Ondo expands tokenized treasuries to XRP Ledger, enables OUSG minting and redemptions via Ripple's RLUSD stablecoin — The Block, 11 Jun 2025. Accessed 11 Oct 2026.C