what's rlusd?
RLUSD is a fiat-backed stablecoin developed by Ripple on the XRP Ledger (XRPL). It's positioned as an institutional-grade stablecoin with real-world payment applications, particularly in Southeast Asia through AEON Pay integration. The stablecoin is tradable on Sologenic DEX and is being integrated into various platforms including an upcoming Doppler Finance vault. RLUSD is part of a new wave of regulated stablecoins and is positioned to benefit from pending stablecoin legislation.
rlusd gained NYDFS oversight and ranks second in 2025 stablecoin transaction activity.
contract
xrp
ethereum
Received state oversight from NYDFS (New York Department of Financial Services).
Ranks second in transaction activity among stablecoins in 2025, behind Tether and ahead of USDC.
Ripple adopts Wormhole's NTT standard to expand RLUSD to Base, Optimism, Ink, and Unichain Layer 2 chains, creating liquidity pairs with wrapped XRP across these chains. RLUSD reaches $1.3B market cap.
Ripple receives conditional approval from the US Office of the Comptroller of the Currency to charter Ripple National Trust Bank.
AMINA Bank goes live as the first European bank using Ripple Payments, building on their previous RLUSD adoption.
Hex Trust to issue wXRP on Solana with over $100M TVL, enabling XRP trading and liquidity with RLUSD across supported chains.
Ripple launches RLUSD in Singapore.
Gemini adds support for RLUSD on the XRP Ledger (XRPL).
Gemini issues a Mastercard credit card that writes transactions to XRPL at $0.00002 in XRP when RLUSD is used for payments.
30-day holder growth is +8.2%, outperforming USDC (+3.5%) and USDT (+1.9%) but trailing PYUSD (+13.8%).
Gemini offers 4% APR on RLUSD deposits.
RLUSD supply reaches $1.26 billion with 82% of total supply on Ethereum versus XRPL.
Ripple acquired crypto custody firm Palisade in November to strengthen institutional offerings.
Ripple receives approval to expand payment operations in Singapore, enabling payment services using RLUSD and XRP.
RLUSD is expected to launch in Japan in Q1 2026.
RLUSD's $1 billion market cap on Ethereum represents 38.8% growth in the last month.
RLUSD surpasses $1 billion market capitalization.
Abu Dhabi's Financial Services Regulatory Authority greenlists RLUSD, allowing it to serve as collateral and be used for lending and prime brokerage within the Abu Dhabi Global Market financial center.
XRP Healthcare LLC expands HIPAA-grade XRPH wallet into U.S. pharmacy market and East Africa's clinic network, with wallet supporting real-time payments in RLUSD.
Bitrue launches staking campaign allowing RLUSD to be staked to earn $MON tokens at 20% APR with no lock-up period, part of a 5M $MON reward program distributed across multiple phases.
RLUSD integrates with Mastercard as part of global stablecoin expansion.
Citadel and Fortress invest in Ripple at a $40B valuation.
RLUSD ranks as the third fastest growing stablecoin in the $100M-$1B supply range.
Bybit's RLUSD HODLverse program offers XRP rewards at approximately 50% APY for MNT stakers, with campaign ending November 11.
Ripple acquires GTreasury for $1B to connect traditional corporate clients to onchain liquidity, while Ripple Prime transaction volume triples since the Hidden Road acquisition.
Hamilton Lane's HLSCOPE fund integrates with VanEck's VBILL to provide instant RLUSD liquidity, connecting private credit to tokenized Treasuries onchain.
Ripple partners with Mastercard, WebBank, and Gemini to pilot credit card settlements using RLUSD on XRP Ledger.
Ripple closes $500 million strategic investment at $40 billion valuation led by Fortress Investment Group and Citadel Securities, and completes 25% share buyback.
RLUSD hits $1 billion milestone.
Ripple spent $1.25B to acquire Hidden Road, with the new Ripple Prime platform featuring CME cross-margin capabilities for institutional OTC trading.
Ripple Prime launches digital asset spot prime brokerage capabilities in the US today, enabling clients to execute OTC spot transactions for RLUSD and other digital assets.
RLUSD listed as one of the fastest growing RWAs by 30-day TVL growth metrics.
Ripple deploys $900M in RLUSD stablecoins for humanitarian aid with World Central Kitchen and Mercy Corps.
Ripple purchases Hidden Road prime broker and plans to rebrand it as Ripple Prime to support RLUSD operations.
RLUSD integrated into Aave Horizon market with 2.5% borrow rate, allowing users to leverage against it for yield farming strategies available to qualified purchasers with $5M+ investment assets.
Ripple's $1 billion GTreasury creates pipeline for RLUSD into Fortune 500 treasuries.
Partnership announced with Bahrain Fintech Bay for piloting RLUSD stablecoin and tokenization solutions.
RLUSD launches on BlackRock-backed tokenization platform Securitize, enabling exchanges between tokenized money market fund shares and the stablecoin.
Webus International partners with Air China and plans to integrate RLUSD payments into its Wetour platform, potentially reaching over 60 million PhoenixMiles members pending regulatory approval.
Stablecoin reaches $10 billion in daily ecosystem volume.
Partnership with Aeon enables payments across 20M merchants via new Web3 platform integration.
Euler Prime launches $50k rewards program for stablecoin liquidity provision ahead of EulerSwap integration.
BitMEX launches RLUSD margin trading with 7,000 RLUSD reward pool for first 200 qualified traders.
Stablecoin rises to #17 rank with 604% YTD growth and $348M inflows; majority of supply (83%) exists on Ethereum.
Senate passes GENIUS Act regulating stablecoins; RLUSD listed among approved US-based stablecoin issuers.
Former Ripple RLUSD lead joins Bastion as Head of Treasury and Strategic Finance.
OUSG Treasury fund secures $30M TVL commitment for RLUSD-based subscriptions and redemptions on XRPL.
Ondo Finance launches OUSG Treasury fund on XRPL with RLUSD minting and redemption capabilities.
Guggenheim launches Prime-1 rated Treasury-backed DCP with RLUSD integration and $10M Ripple investment.
MoreMarkets launches deposits for XRP and stablecoin on July 2, featuring cross-chain bridging capabilities starting with XRP Ledger.
BitMEX launches holding rewards program offering 4,000 RLUSD prize pool for users maintaining 5,000+ RLUSD until June end.
Stablecoin achieves 32.5% weekly supply growth, ranking as fastest-growing in its category.
Stablecoin reaches $244M market cap within first month of operation
Dubai Land Department implements real estate tokenization on XRP Ledger using the stablecoin, with Zand digital bank and Mamo fintech platform joining as early adoption partners.
Receives regulatory recognition from Dubai Financial Services Authority for use in DIFC.
New 2,000 RLUSD airdrop launched for first 100 traders depositing 1,000+ RLUSD
Euler protocol integration goes live, adding new DeFi functionality.
First cross-chain lending market enables XRP collateralization and yield generation on Ethereum through Term Finance and MoreMarkets partnership.
New credit card offering 4% rewards in RLUSD now available through Gemini.
BitMEX enables RLUSD for margin trading with 15,000 RLUSD reward program.
BitMEX exchange adds RLUSD support, expanding trading accessibility.
Gemini exchange lists RLUSD stablecoin for trading.
TheGivingBlock platform now accepts RLUSD for charitable donations, expanding token utility into philanthropy.
$25M pledge announced for supporting U.S. education and financial literacy initiatives nationwide.
Gemini exchange adds stablecoin trading; $25M education donation marks first stablecoin acceptance by major nonprofits.
Ripple launches RLUSD stablecoin initiative while expanding through strategic acquisitions of Circle bid and Hidden Road purchase.
New Gemini exchange listing with full trading, deposit, and withdrawal functionality now live.
$25M pledge in stablecoin to support US education through DonorsChoose and Teach for America.
$25M RLUSD commitment launched for nationwide educational initiatives and financial literacy programs.
Circle rejects Ripple's $5B acquisition bid due to illiquid equity offer and upcoming IPO plans.
$1.25B Hidden Road acquisition enables institutional prime brokerage integration, processing $3T annually with 3-5s settlement times using stablecoin as collateral.
Aave v3 integration live with $70M Total Value Locked
Liquidity pool ranks second by volume with active incentive distribution program.
Stablecoin launches on Aave protocol, marking expansion into DeFi sector.
RLUSD now available as collateral on Euler Yield platform.
New supply and borrow capabilities now available on Aave V3 Ethereum Core market.
Ripple acquires project and plans integration with Avail rollups later this year.
$1.25B acquisition of Hidden Road broker drives RLUSD integration, reaching $300M market cap since December launch.
$1.25B Hidden Road acquisition establishes RLUSD as core collateral for $3T annual institutional trading volume.
RLUSD becomes first stablecoin for cross-margining in $3T annual trading volume through Hidden Road acquisition.
Auto-payout system launches for 500+ Kenyan pastoralists, delivering $75 payments triggered by satellite data, with backing from Ripple and Mercy Corps.
Market capitalization surges 21% to $294M within three months of launch, driven by payment system integration.
RLUSD launches on Kraken exchange with $250M market cap and integration into Ripple payments platform.
Stablecoin integrates with Ripple payment system for cross-border transactions.
New Kraken exchange listing expands market access and liquidity.
Stablecoin now available for trading on Kraken exchange.
Integration into Ripple's cross-border payment system and Kraken listing drive market cap to $244M.
Stablecoin now available for trading on Kraken exchange.
Major payment protocol integrates stablecoin for cross-border transactions, reaching $244M market cap with $10B+ trading volume.
New stablecoin competition emerges with political backing from Trump, positioning against USDT and USDC in emerging "Stablecoin Wars."
Ripple's stablecoin reached 120 million total supply within two months of official launch.
Gained access to over $38B of liquidity on OMNI devnet, expanding across Arbitrum, Base and Optimism.
Ripple's stablecoin integrating Chainlink price feeds for DeFi applications as announced on Jan 7, 2025.
Ripple's first stablecoin launched Dec 17 2024, available on Ethereum and XRP Ledger.
Ripple's stablecoin officially launched Dec 17, 2024. XRP price up 7% on launch day.
Ripple launched new stablecoin RLUSD. Expected to amass trillions in on-chain volume according to discussions.
Ripple's stablecoin launching Dec 17. Backed by USD deposits, government bonds and cash equivalents with monthly attestations.
Ripple's stablecoin launching December 17 on platforms including Uphold, MoonPay, Bitso. Will operate on XRP Ledger and Ethereum. Monthly attestations planned. Initial use cases include cross-border payments and DeFi integration.
Ripple received final approval from NY Department of Financial Services to launch RLUSD stablecoin. Exchange and partner listings coming soon.