What is RLUSD?

Figure:https://ripple.com/solutions/stablecoin/

RLUSD (Ripple USD) is an enterprise-level stablecoin issued by Ripple, pegged 1:1 to the US dollar, originally issued natively on the XRP Ledger and Ethereum. It is fully backed by legal tender US dollars and cash equivalents, designed to provide institutions and ordinary users with a “readily available, secure, trustworthy, and low-cost cross-border” payment solution.

RLUSD launch time and issuance channels

Ripple officially announced that RLUSD will be listed on multiple exchanges worldwide on December 17, 2024.

• First launched: December 17, 2024, after being approved by the New York State Department of Financial Services (NYDFS), Ripple announced its launch on official X (formerly Twitter).
• Subsequent expansion: On May 30, 2025, the digital asset trading platform Bitget announced the launch of RLUSD on its spot market to meet the trading needs of more users.

Latest Price and Market Performance

As of now, the trading price of RLUSD on mainstream platforms has stabilized around 1.00 USD, with negligible price fluctuations over the past 24 hours and a volatility close to 0%.

• Market cap: approximately 416 million USD (415.66M USD), with a total circulating supply of about 415,743,694 coins.
• 24-hour trading volume: approximately 66.9M USD, indicating the ongoing demand for stablecoins from institutions and users.
• Price peak: On March 4, 2025, it reached a historical high of 1.02 USD; it is currently returning to a stable anchoring level, reflecting its characteristic of being “stable as always.”

Advantages and Applications of Stablecoins

Image:https://ripple.com/solutions/stablecoin/

1. Cross-border payments: With the high performance of the XRP Ledger, RLUSD features instant transfers and low fees, optimizing the traditional cross-border remittance experience.
2. Compliance and transparency: Regulated by NYDFS and equipped with independent reserve audits, ensuring that each RLUSD is backed by USD.
3. Enterprise-level use: suitable for large inter-institutional settlements, trade financing, and financial hedging, enhancing liquidity management efficiency.
4. DeFi ecosystem: Participate in lending, market making, and yield aggregation on Ethereum and other compatible networks, expanding the application scenarios of crypto finance.