Ripple USD (RLUSD)
Summary
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
1 entities · 10 linked investigations- + 1 more
Timeline(12 events)
2024-06-01
Ripple acquires Standard Custody & Trust Company, a NYDFS-chartered limited-purpose trust company, to serve as the regulated issuer vehicle for RLUSD.
The Block2024-10-01
Ripple announces exchange partnerships for RLUSD with Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish ahead of launch.
CoinDesk2024-12-10
NYDFS grants final approval for RLUSD. CEO Brad Garlinghouse announces approval publicly; XRP price rises approximately 10% on the news.
CoinDesk2025-07-09
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.
CoinDesk2025-07-18
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.gov2025-08-22
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 News2025-12-12
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.
OCC2026-04-01
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.2026-07-16
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
- #1publish⛓ pending7/22/2026, 4:49:48 AMhash: BLWmLedxPmvbVfPVUdtxBxJPMYuSr7sdLPp8hbYJM6Hs
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 7/22/2026, 4:49:35 AM
last updated: 7/22/2026, 4:49:48 AM
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